Jays A.. Is 9 days? A.. Is 15 days? 4. 18. Is 20 days? A. 38=3. 22. How much is 23. How much is of? of? of of? of? of 11⁄2? 24. How many times is 2 contained in? How much is of ? 25. How many times 2 in? (To divide a fraction, we multiply the denominator, or divide the numerator.) 2 in? 3 in ? 3 in 1? 4 in? 26. How much is of of a month divided by 2 38 of a month? of a month? of of a month? is how much? How much is of 27. James has of a dollar, Rufus, and Thomas the remainder of the dollar; what is Thomas' part? 28. William had of a ticket, Henry 4, and James; what part of a ticket did they all own? (Find how many 8ths each had first.) 29. What kind of fractions are the following, viz., 1, 54, 71, 29, of +? 30. Reduce to a decimal. 31. What decimal is equal to ?t? f1⁄2? q? 32. James has 2 of a ticket, William,5, Thomas,2, and Harry the remainder; how much does Harry have? 33. What is the amount of,3+,4+,1 ? 34. Multiply,6 by,5. 35. How much is,5 of,5? 36. How much is ,3 multiplied by ‚4? 37. Divide,24 by,6. 38. Divide 8 by,2. 39. Divide,6 by 15. 40. From ,5 take,25. 41. of 14 is 2; 2, then, is 42.of 4 is 2; 2, then, is of what number? of what number? 43. 3 is of what number? 3 7236945 X 1732= A. 2840. A. 3786854. 14. Mltiply of 2 by 15. A. 5§. 15. Ivideof by 15. A.. 16. man bought 4 hogsheads of molasses: the first con taine 76 gallons; the second 634 gallons; the third *93 gal lon and the fourth 50 gallons. How many gallons in tut whole? (Reduce the fractional parts to a common denomina r before you proceed to add.) A. 279. 17. 3700180 +10%+6+37,5+1008000 A. 3744,200005 18. What is the value of,990625 of a pound? 281 A. 19 s. 9 d. 3 qrs. 19. From 29 years, 5 mo. 3 days, take 23 hours 40 minutes A. 29 years, 5 mo. 2 days, 0 hours, 20 minutes. Note. When it is required to find the distance of time from one date to another, it may be easily done by subtracting the first date from the last, reckoning the months according to their order in the year; thus, January is 1st mo., February 2d mo.. &c. 20. What is the difference of time between March 27, 1827, and February 15, 1828? (12) (30) Ans. 10 mo. 18 days. 30 In computing interest, we rech days to the month, and 12 months to the ycar. 21. What is the difference of time between April 14, 1827, and March 16, 1823? A. 11 mo. 2 days. 22. A note, dated July 1, 1826, was paid June 20, 1828; how long was the note on interest? A. 1 year, 11 mo 19 lays 23. A note, dated Nov. 15, 1820, was not paid till Dec. 1, 1828; how long was it at interest? A. 8 years, 0 mo. 16 days. INTEREST. INTEREST. For 6 For ↑ LXI. Q. If the interest of 100 dollars for 1 year is 6 dollars, what will be the interest of 200 for the same time? Of 300? Qf 400? Of 600? Q. What will be the interest of 100 for 2 years? For 4 vears? For 10 years? Q. What is that which is paid for the use of money called? A. Interest. Q. How, then, may it be defined? A. Interest is an allowance made by the borrower to the lender for the use of money. Q. What is that which is paid for the use of 100 for 1 year called? A. The rate per cent. Q. Why called the rate per cent.? A. Because per cent., or per centum, means, by the 100. Q. Hoo, then, is interest computed? A. At so many dollars for each 100 dollars, so many cents for each 100 cents, so many pounds for each 100 pci nds, &c. for 1 year. Q. How is it computed on a greater or less sum than 100, or a longer or shorter time than 1 year? A. In the same propor tion. Q. What is the meaning of per annum ? by the year. A. Each year, or Q. What, then, is the meaning of 6 per cent. per annum? A. 6 dollars for the use of 100 dollars, 6 cents for 100 cents, &c., for 1 year. Q. When the rate per cent. is established by law, what is the interest called? A. The legal, or lawful interest. Q. What is the legal interest in the New England States & 4. per cent. Note. In the state of New York, it is 7 per cent. Q. When there is no mentin made of the rate per cent., what rate per cent. is understood? A. The legal rate. Q. What is the sum lent called? A. The principal. Q. When the interest and principal are both added together, what is it called? A. The amount. Since, at 6 per cent., the interest of 100 cents for 12 mo. is 6 cents, the interest will always be as many cents as there are months; that is, the num her of months will express in cents the interest of $1 for said months, thus the interest of 1 for 12 months being 6 cents, 8 mo. will be 4 cents, for 4 is of 8 mo. ; and in the same proportion for any length of time. Now, as the interest of any sum over 1 dollar is proportionally more, as 5 dollars for instance, the interest of which is 5 times as many cents as the in*erest of $1, and as cents are 100ths of a dollar, it follows, that, multiplying any denomination, as pounds, dollars, cents, &c., by the number of months, will give a product that will be the interest, either in cents or 100ths, which are easily brought into dollars, or whole numbers, by cutting off two figur neraluct, (that is, dividing by 100.) 14. Mltiply of by 15. A. 5. 15. Ivideof by 15. A.. 16. man bought 4 hogsheads of molasses: the first con taine 76 gallons; the second 634 gallons; the third 79 gal lon, and the fourth 59 gallons. How many gallons in tue whole? (Reduce the fractional parts to a common denomina or before you proceed to add.) A. 279. 17. 370080+8+6+37,5+1008000A. 3744,200005 18. What is the value of ,990625 of a pound? A. 19 s. 9 d. 3 qrs. 19. From 29 years, 5 mc. 3 days, take 23 hours 40 minutes A. 29 years, 5 mo. 2 days, 0 hours, 20 minutes. Note. When it is required to find the distance of time from one date to another, it may be easily done by subtracting the first date from the last, reckoning the months according to their order in the year; thus, January is 1st mo., February 2d mo., &c. 20. What is the difference of time between March 27, 1827, and February 15, 1828? (12) (30) 1828, 2d mo. 15th day. Ans. 10 mo. 18 days. In computing interest, we rech 38 days to the month, and 12 months so the year. 21. What is the difference of time between April 14, 1827, and March 16, 1828? A. 11 mo. 2 days. 22. A note, dated July 1, 1826, was paid June 20, 1828; how long was the note on interest? A. 1 year, 11 mo 19 lays 23. A note, dated Nov. 15, 1820, was not paid till Dec. 1, 1828; how long was it at interest? A. 8 years, 0 mo. 16 days. INTEREST. INTEREST. 1LXI. Q. If the interest of 100 dollars for 1 year is 6 dollars, what will be the interest of 200 for the same time? Of 300? Of 400? Of 600? Q. What will be the interest of 100 for 2 years? For 4 vears? For 10 years? Q. What is that which is paid for the use of money called? A. Interest. Q. How, then, may it be defined? A. Interest is an allowance made by the borrower to the lender for the use of money. Q. What is that which is paid for the use of 100 for 1 year called? A. The rate per cent. Q. Why called the rate per cent.? A. Because per cent., or per centum, means, by the 100. Q. Hoo, then, is interest computed? A. At so many dollars for each 100 dollars, so many cents for each 100 cents, so many pounds for each 100 per nds, &c. for 1 year. Q. How is it computed on a greater or less sum than 100, or a longer or shorter time than 1 year? A. In the same propor tion. Q. What is the meaning of per annum? by the year. A. Each year, or Q. What, then, is the meaning of 6 per cent. per annum? A. 6 dollars for the use of 100 dollars, 6 cents for 100 cents, &c., for 1 year. Q. When the rate per cent. is established by law, what is the interest called? A. The legal, or lawful interest. Q. What is the legal interest in the New England States? A. per cent. Note. In the state of New York, it is 7 per cent. Q. When there is no mention made of the rate per cent., what rate per cent. is understood? A. The legal rate. Q. What is the sum lent called? A. The principal. Q. When the interest and principal are both added together, A. The amount. what is it called? Since, at 6 per cent., the interest of 100 cents for 12 mo. is 6 cents, the interest will always be as many cents as there are months; that is, the num ber of months will express in cents the interest of $1 for said months, thus the interest of for 12 months being 6 cents, 8 mo. will be 4 cents, for 4 is of 8 mo. ; and in the same proportion for any length of time. Now, as the interest of any sum over 1 dollar is proportionally more, as 5 dollars for instance, the interest of which is 5 times as many cents as the inerest of $1, and as cents are 100ths of a dollar, it follows, that, multiplying any denomination, as pounds, dollars, cents, &c., by the number of months, ll give a product that will be the interest, either in cents or 100ths, which are easily brought into dollars, or whole numbers, by cutting off two figures in ne product, (that is, dividing by 100.) |