<p>This paper translates and interprets a neglected and significant original text in Zhu Zaiyu’s 朱載堉 (1536–1611) calendar system. The invention and application of Guo Shoujing’s 郭守敬 (1231–1316) <i>hushi geyuan</i> 弧矢割圓 was a great change in the concept of constructing calendar system. In this text we argue that, by giving the relationship between <i>xian</i>-<i>hu</i> 弦弧 ratio and <i>shi</i> 矢, Zhu Zaiyu provided a new method of <i>hu shi</i> 弧矢新術 with higher accuracy than Guo Shoujing’s. Furthermore, we retrieved the construction of the new method of <i>hu shi</i> and discovered the crucial fact that Zhu Zaiyu created a new interpolation method. According to Zhu Zaiyu, a linear interpolation was used to modify the coefficient in each single step, then by repeating the steps, a high-order polynomial function could be constructed. Zhu Zaiyu’s interpolation was mechanical, and the polynomial function constructed by this method was categorized as the type of Newton interpolation, notably in modern terms. The critical purpose of ancient Chinese calendar compilers in interpolation was to construct higher order polynomial function; crucially, Zhu Zaiyu gave a general solution to this problem.</p>