(25.) What will £324, 6s. 8d. amount to in 15 months at 2 per cent.? (26.) Find the simple interest on £108, 3s. 6d. from January 9, 1868, to April 23, 1869, at 21 per cent. (27.) Find the amount of £705, 10s. from June 3, 1867, to May 3, 1869, interest at 3 per cent. (28.) Required the simple interest of £410 laid out from March 11 to November 15 at 31 per cent. (29.) Find what £235, 13s. 4d. will amount to in 219 days at £3, 15s. per cent. (30.) What will be the simple interest of 100 guineas from Midsummer to Christmas at £2, 10s. per cent.? (31.) In what time will £400 produce £32 interest at 4 per cent. per annum? (32.) How long will £250 take to amount to £287, 10s. at 5 per cent. for a year? (33.) The principal is £313, 6s. 8d., the interest £84, 12s., and the rate per cent. £4, 10s.; find the time. (34.) In what time will £850 amount to £871, 5s. at 5 per cent. for a year? (35.) Given the principal £375, the interest £3, 2s. 6d., and the rate per cent. 21; what will be the time? (36.) In what time will £50 double itself at 3 per cent. ? (37.) At what rate per cent. will £250 produce £15 of interest in 2 years? (38.) The simple interest on £525 for 2 years 6 months is £52, 10s.; find the rate of interest. (39.) At what rate per cent. will £19687, 10s. produce as interest £5414, 1s. 3d. in 5 years? (40.) The principal is £433, 6s. 8d., the interest £8, 18s. 9d., and the time 9 months; find the rate per cent. (41.) In 21 years £229, 10s. amounts to £258, 3s. 9d. ; what is the rate per cent.? (42.) £1640 laid out from January 13 to November 1, amounts to £1705, 12s.; find the rate of interest. (43.) What sum of money will produce £37, 4s. of interest in 3 years at 4 per cent. ? (44.) Find the principal that will gain £26, 11s. 3d. of interest in 15 months at 5 per cent. (45.) Given the interest £189, 15s. 9d., the time 10 years, and the rate per cent. £4, 10s.; find the principal. (46.) What sum must be put out to interest for 9 months at 3 per cent. to become £357, 17s. 6d. ? (47.) The amount is £304, 10s. 114d., the time 3 years, and the rate per cent. 3; what is the principal? (48.) A sum of money invested from May 14 to July 26 at 21 per cent. amounted to £1005; what was the sum? COMMISSION, BROKERAGE, INSURANCE. Find the commission on (1.) £427, 10s. at 41 per cent. (8.) £148, 16s. 3d. at £5, 6s. 8d. per cent. Find the brokerage on (11.) £350 at per cent. COMMISSION, BROKERAGE, INSURANCE. (16.) 1000 guineas at 17s. 6d. per cent. Find the premium of insurance on (21.) £500 at 2s. 6d. per cent. (22.) £820 at £3, 10s. per cent. (23.) £451, 17s. 6d. at 2 guineas per cent. 121 (27.) What sum must be insured at £3, 10s. per cent. on property worth £1351, so that, in case of loss, the owner may receive the value of both property and premium? (28.) What sum must be insured to cover £2622, in case of loss, premium being 2 guineas per cent., and commission per cent.? (29.) For what sum should a merchant insure goods worth £5000 at 4 per cent., so that, in case of loss, he may recover the value of the goods and the premium? (30.) How much must be insured to cover £874, the premium being £4, 10s., and commission per cent.? (31.) What sum must be insured to cover £3755, the expenses connected with the insurance being £6, 2s. 6d. per cent.? (32.) For what sum should goods worth £1925 be insured at £3, 15s. per cent., so that the owner, in case of loss, may receive the value of the goods and the premium? (33.) A man whose gross income is £1135 allows his agent 5 per cent. for the trouble of collecting his rents; how much will the agent realise ? (34.) A money transaction to the amount of £850 is conducted by a broker, who charges per cent. for his trouble; find the amount of the brokerage. (35.) A man whose age is 31 wishes to insure his life for £850 in the Scottish Widows' Fund; what will be the premium on his policy of assurance, the rate per cent. for that age being £1, 13s. 9d.? (36.) What sum must be insured to cover goods worth £4190, the expenses connected with the insurance being £5, 5s. per cent. ? (37.) A sale of books realised £1345, 17s. 6d. ; what should be paid to the auctioneer, whose charge is 10 per cent.? (38.) A commission - agent procures sales for his employer to the amount of £518, 13s. 4d.; what will his commission amount to at 3 per cent.? (39.) Find the expense of insuring a cargo worth £3480, the premium being 4 guineas per cent. (40.) A broker sells £530 stock, and charges per cent.; what does the brokerage amount to? DISCOUNT. [In the first 20 examples, it is the ordinary or commercial discount that is required.] Find the discount and present worth of (1.) £420 due 1 year hence at 41 per cent. (7.) £576, 14s. 8d. due 65 days hence at 6 per cent. Find the ready-money payment of (9.) £57, 15s., allowing 5 per cent. discount. (10.) £15, 10s., allowing 5 per cent. discount. (11.) £384, 12s. 6d., allowing 5 per cent. discount. (12.) £139, 8s. 4d., allowing 4 per cent. discount. Calculate the discount on the following bills: (13.) £500 drawn October 3 at 3 months, and discounted on October 25 at 5 per cent. (14.) £275 drawn April 15 at 4 months, and discounted on June 7 at 6 per cent. (15.) £70 drawn March 20 at 2 months, and discounted on March 23 at 4 per cent. (16.) £138, 15s. drawn May 31 at 1 month, and discounted on June 2 at 3 per cent. (17.) A bill of £745 drawn July 10 at 3 months was discounted on July 15 at 4 per cent. ; how much was received? (18.) What was the net proceeds of a bill for £80 dated December 7 at 2 months, and discounted on December 8 at 5 per cent.? (19.) A bill for £220 dated January 30, and payable 1 month after date, was discounted on January 31 at 6 per cent.; how much did the holder receive? (20.) A bill for £170, 15s. dated March 31, and payable 3 months after date, was discounted on the same day; find the net proceeds. Calculate the true discount on (21.) £322, 10s. due 2 years hence at 33 per cent. (22.) £459, 18s. due 3 years hence at 4 per cent. (23.) £1107, 10s. due 2 years hence at 53 per cent. (24.) £810, 10s. due 3 months hence at 4 per cent. (25.) £4200 due 9 months hence at 5 per cent. (26.) £717, 7s. 1d. due in 7 months at 4 per cent. |