The National Arithmetic on the Inductive System: Combining the Analytic and Synthetic Methods : Forming a Complete Course of Higher ArithmeticRobert S. Davis & Company, 1863 - 444 σελίδες |
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Σελίδα 295
... premium , when for more than their original value ; below par , or at a discount , when for less than their original value . 398. The premium and discount on stocks are generally computed at a certain per cent . on the original or ...
... premium , when for more than their original value ; below par , or at a discount , when for less than their original value . 398. The premium and discount on stocks are generally computed at a certain per cent . on the original or ...
Σελίδα 296
... premium , or at a discount . Ex . 1. What is the value of 20 shares of bank stock , at 9 per cent . premium , their nominal or par value being $ 100 each ? OPERATION . $ 100 × 20 = $ 2000 ; $ 2000 × 1.09 = $ 2180 . Since the par value ...
... premium , or at a discount . Ex . 1. What is the value of 20 shares of bank stock , at 9 per cent . premium , their nominal or par value being $ 100 each ? OPERATION . $ 100 × 20 = $ 2000 ; $ 2000 × 1.09 = $ 2180 . Since the par value ...
Σελίδα 297
... premium , or at a discount . Ex . 1. Bought Ocean Insurance Company stock , at 7 per cent . premium , for $ 535 ; what is its par value ? Ans . $ 500 . OPERATION . $ 535 1.07 = $ 500 , Ans . lars as 535 contains times 1.07 , or Since ...
... premium , or at a discount . Ex . 1. Bought Ocean Insurance Company stock , at 7 per cent . premium , for $ 535 ; what is its par value ? Ans . $ 500 . OPERATION . $ 535 1.07 = $ 500 , Ans . lars as 535 contains times 1.07 , or Since ...
Σελίδα 298
... premium , or by 1 decreased by the rate per cent . discount , expressed decimally , and the quotient will denote the rate of interest required . NOTE . If it be required to find at what price a stock , paying a certain rate per cent ...
... premium , or by 1 decreased by the rate per cent . discount , expressed decimally , and the quotient will denote the rate of interest required . NOTE . If it be required to find at what price a stock , paying a certain rate per cent ...
Σελίδα 306
... premium of 15 per cent . , and thereby gained $ 120 . How many shares were there ? Ans . 8 shares . 2. Mining stock of a par value of $ 250 per share was bought at 9 per cent . premium , and afterwards sold at a loss of $ 25 per share ...
... premium of 15 per cent . , and thereby gained $ 120 . How many shares were there ? Ans . 8 shares . 2. Mining stock of a par value of $ 250 per share was bought at 9 per cent . premium , and afterwards sold at a loss of $ 25 per share ...
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12 per cent acres amount annexed annuity Arithmetic avoirdupois barrels becomes due bill bought bushels carats cask ciphers circumference column common denominator common fraction composite number compound interest compound numbers contain continued fraction cost cube root diameter difference discount dividend division dollars duodecimal equal exactly divide EXAMPLES expressed decimally feet long figures gain gallons given number grains greatest common divisor Hence hogshead hundred improper fraction inches last term least common multiple longitude lowest terms measure meters miles minuend mixed number months multiplicand Multiply NOTE number denoting number of days number of terms obtain paid payable payment pounds premium present worth prime factors prime number principal quantity quotient rate per cent ratio received Reduce remainder repetend rods RULE SECOND OPERATION shillings side simple numbers sold square root subtract subtrahend tens third thousand tons weight whole number write yards