A multipurpose arithmetic functional unit selectably performs planar attribute interpolation, unary function approximation, and double-precision arithmetic. In one embodiment, planar interpolation operations for coordinates (x, y) are executed by computing A*x+B*y+C, and unary function approximation operations for operand x are executed by computing F2(xb)*xh2+F1(xb)*xh+F0(xb), where xh=x−xb. Shared multiplier and adder circuits are advantageously used to implement the product and sum operations for unary function approximation and planar interpolation; the same multipliers and adders are also leveraged to implement double-precision multiplication and addition.