EL-9650/9600c Graphing Calculator

Solving a Literal Equation Using the Equation Method (Amortization)

The Solver mode is used to solve one unknown variable by inputting known variables, by three methods: Equation, Newton’s, and Graphic. The Equation method is used when an exact solution can be found by simple substitution.

Example

Solve an amortization formula. The solution from various values for known variables can be easily found by giving values to the known variables using the Equation method in the Solver mode.

The formula : P = L

 

 

I

-N

 

-1

 

1-(1+

 

)

 

 

 

P= monthly payment

I= interest rate

12

 

I / 12

 

 

 

 

L= loan amount

N=number of months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. Find the monthly payment on a $15,000 car loan, made at 9% interest over four

years (48 months) using the Equation method.

2. Save the formula as AMORT.

3. Find amount of loan possible at 7% interest over 60 months with a $300

payment, using the saved formula.

Before There may be differences in the results of calculations and graph plotting depending on the setting. Starting Return all settings to the default value and delete all data.

Step & Key Operation

Display

Notes

*Use either pen touch or cursor to operate.

1-1Access the Solver feature.

This screen will appear a few

 

 

 

 

 

 

 

seconds after SOLVERis dis-

 

2nd F

 

SOLVER

 

 

 

played.

1-2Select the Equation method for

 

solving.

 

 

 

 

 

 

 

 

 

 

2nd F

 

SOLVER

 

A

*

 

 

 

 

 

 

1 *

 

 

 

 

 

 

 

 

 

 

 

1-3Enter the amortization formula.

 

2nd F SOLVER P = L

ALPHA

 

(

 

 

a/b

 

1

 

 

 

 

(

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALPHA

 

1

 

a/b

 

 

1

 

 

2

 

 

 

 

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ab

 

-

)

 

ALPHA

 

N

 

 

 

 

 

 

 

 

 

 

 

 

(

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALPHA

 

I

 

 

 

1

 

 

2

 

 

 

 

 

 

*

a

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

+

)

*

)

3-1

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Image 13
Sharp EL-9600c, EL-9400, EL-9650 manual 1Access the Solver feature This screen will appear a few

EL-9650, EL-9600c, EL-9400 specifications

The Sharp EL-9400 and EL-9450 are advanced programmable scientific calculators designed for professionals and students alike. Renowned for their versatile functionality and user-friendly interface, these calculators are popular in the fields of engineering, mathematics, and the sciences.

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