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18. B realized $11337.50 from the sale of $10000 worth of stock, after paying 1% brokerage; what was the quoted price of the stock?

19. If my quarterly dividend is $92.50 at 21%, how many shares do I own?

20. Mr. Martin will sell 72 shares of bank stock for $8685, including the brokerage at %; what premium does he ask? 21. If $10000 worth of stock is bought for $9737.50, in

cluding the brokerage at %, what is the discount?

22. Mr. Lyte bought 240 shares of stock at 24% below par, and sold them at 51% above par; what was his gain if he paid brokerage on both transactions at %?

23. My broker bought 64 shares of Jersey Central at 1141, and sold it at 1214; what was my profit and what was his commission, brokerage %?

24. What annual income would I receive by investing $2882.75 in 6% stock, bought at 1104, brokerage %?

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25. What annual income will be realized from investing $7200 in 5% stock at 1123, brokerage %?

26. What annual income will be realized from investing $7155 in 4% bonds at 994, brokerage %?

27. What annual income will be realized from investing $141000 in U. S. 5's at 1173, brokerage %?

28. B paid $10989 for U. S. 6's at 1107, brokerage %; at was his income?

29. What amount must be invested in 61% stock at 121g, brokerage %, to realize an annual income of $1365?

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1 share yields $61; to yield $1365 will require 210 shares.

1 share costs $1214; 210 shares will cost 210 times $121, which is $25567.50.

30. What amount must be invested in 41% stock at 103%, brokerage %, to realize $477?

31. What amount must be invested in U. S. 5's at 117%, brokerage %, to secure an annual income of $150?

32. What sum must I invest in U. S. 6's at 1117, brokerage %, to secure an annual income of $420?

33. What sum must be invested in U. S. 5's at 1161, brokerage 1%, to secure an annual income of $160?

34. What sum must be invested in U. S. 4's at 114, brokerage %, to secure an annual income of $1000?

35. If I buy 5% stock at 834, brokerage %, what per cent. does the investment pay?

PROCESS.

$831)$5.00 (.06, or 6% 500

1 share costs $831; then $83} multiplied by some rate gives $5. That rate is $5 ÷ $83, which is .06, or 6%, Ans.

36. If 6% stock is bought at 120, what per cent. does the investment yield?

37. If 7% stock is bought at 1397, brokerage %, what is the rate of income?

38. What must be paid for 5% bonds to yield 6% interest on the investment, brokerage not considered?

39. What rate of interest do I realize on my investment by buying Georgia 6's at 1123, brokerage %?

DEFINITIONS.

168. Interest is money paid for the use of money.

169. The Principal is the sum for which interest is paid. he Amount is the sum of the principal and interest.

170. The Rate of Interest is the interest on one dollar for one year.

NOTE.—In interest a year is 12 mo. of 30 da. each.

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11. What is the interest of $800 for 3 yr. 10 mo. 15 da. at 7%?

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RULE.

Find the interest for one year, and multiply this by the time

expressed in years.

Required the interest

12. Of $480 for 2

yr.

6 mo. at 7%.

10 mo. at 6%.

13. Of $500 for 3 yr.

14. Of $720 for 5

yr. 9 mo. at 5%.

15. Of $840 for 4 yr. 8 mo. at 8%.

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16. Of $960 for 5 yr. 10 mo. at 6%.

17. Of $360 for 2 yr. 7 mo. 15 da. at 6%.

18. Of $1248 for 3 yr. 6 mo. 10 da. at 5%. 19. Of $2496 for 5 yr. 8 mo. 6 da. at 6%. 20. Of $1200 for 4 yr. 5 mo. 20 da. at 8.

Find the amount

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21. Of $6000 for 1 yr. 6 mo. at 5%.

22. Of $7200 for 2 yr. 5 mo. at 6%. 23. Of $560 for 4 yr. 8 mo. at 8%. 24. Of $840 for 6 yr. 6 mo. at 6.

Find the interest at 6% of

25. $400 from June 20, 1888, to May 1. 1890. 26. $600 from July 5, 1889, to Sept. 12. 1891

ker

per

plied

$5 +

27. $2000 from Mar. 4, 1890, to Aug. 12. 18

es the

Find the interest of

28. $500 at 6% for 8 yr.

what is

29. $200 at 64% for 8 yr. 6 mo.

30. $425 at 51% for 4 yr. & mc.

31. $660 at 5% for 3 yr. 9 mc.

interest

the

32. $540 at 7% for 3 yr. & m

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33. $1220 at 8% for 2 r. 20

34. $40 at 4% for 5

35. $60 at 6% for å

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40. What is the annual income from investing $4446 in 51% stock, at 921, brokerage %?

41. What sum must be invested in 61% stock at 1064 to yield an annual income of $525, brokerage not considered? 42. Which is the better investment, 7% stock at 122, or 6% stock at 105, brokerage %?

43. What must I pay for stock which pays a 9% dividend to realize 6% on my investment?

44. What rate of interest is made by buying stock which pays a 4% semiannual dividend at 1597, brokerage %? 45. How much must be invested in 41% stock at 92%, brokerage %, to yield an annual income of $166.50?

MISCELLANEOUS PROBLEMS.

1. A sold his house for $4000, and thereby cleared 20% of this amount; what would he have gained % by selling it for $3600 ?

2. What must I ask for an article worth $18, so that I may fall 10% on my asking price and still gain 20% ?

3. What is the gain per cent. by buying an article at 20% below cost and selling it at 12% above cost?

4. An agent sold goods on 4% commission: after deducting his commission he sent his employer a check, which being discounted at 6% for 30 days yielded $3000; what was the amount of the sales?

5. I gave a note worth 1% premium for 40 shares of stock at 31% discount; what was the face of the note?

6. My agent bought goods on 3% commission: I sent him a note for $2400 due 60 days hence, which when discounted at 6% paid both the commission and the cost of the goods; find the commission.

7. I sent my agent a note for 90 days with which to purchase goods on 21% commission: he had the note discounted

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