and sold at one time 2 cwt. 2 qrs. 8 lbs., at another, 5 cwt. 15 no, and at another, I cwt. 3 qrs.; how much remained unsold? cwt. 3 qrs. 20 lbs. 11. There are 4 pieces of cloth, one containing 8 yds., anoth ar 16 yds., another 12 yds., and another 73 yds.; how many yards in the 4 pieces? A. 44 yds. 3 qrs. 3ł na. 12. What is the difference between and ? A. t. Ber tween and A.. Between 3 and T? A. 16. 13. Reduce of a guinea to the fraction of a pound. A. † 14. What is the value of ,003125£.? A. 3 qrs. 15. How much does ,025 make multiplied by ,325 ?-8125 By 18-6. By 335-7675. By 276?-69. By 2510000! -6250125. 4. 7,6104875. 16. A farmer sent a load of hay to market, which, with the cart, weighed 29 cwt. 3 qrs. 16 lbs.; the weight of the cart was 10 cwt.; what did the hay come to, at $15 a ton? A. $14,357 + 17. A merchant bought sugar in a hogshead, both of which weighed 8 cwt. 15 lbs.: the hogshead alone weighed 1 cwt. I qr.; what was the cost of the sugar, at 114 cents a pound? A. $86,731. The two preceding questions are proper examples in a rule usually termed Tare and Trett. 18. Bought 50 yards of broadcloth for $160,50, but, not prɔv. ing so good as I expected, I a:n willing to lose $42 on the sa of it; what must I demand per ell French? A. $3,555. 19. What is my demand for selling 600 bales of cotton, at $40 a bale, for 24 per cent. commission:-550125. For 4 per cent.?-110025. For 7 per cent. 7-171150. For 5 per cent. 13141875. A. $4676,064. 20. What is the interest of $200,50 for 2 yrs. 6 mo. ?-30075, For 5 yrs. 3 mo. 15 days?-63658. For 6 mo. ?-6516. For 1 yr. 3 mo. 19 days?-15672. A. $115,921. 21. What is the difference between the compound and simple interest of $200 for 1 yr. 6 mo. ?-36. For 3 yrs. 4 mo. ?-2067. For 2 yrs. 6 mo. 15 days?-1523. A. $4,85. 22. What is the amount of $60 for 10 yrs. 3 mo. 19 days? $709. For 8 yrs. 9 mo. 9 days -9159. A. $188,68. 23. Bought calico for 25 cents a yard; how must I mark it so as to gain 10 per cent. on each yard:-275. 12 per cent. ?-28. 15 per cent.-287. 21 per cent. -30. A. $1,142. 24. What is the difference between the discount of $227,66, for 2 yrs. 3 no. 20 days, and the interest of the same sum for the same time? A. $3,432. 25. Which is the most, the compound interest of $520 for 5 rs., or the discount of the same sum for the same time? 4. Compound interest, by $55,877. 26. If 300 men, in 6 months, perform a piece of work when the days are 12 hours long, how many men will do the same in 4 months, when the days are only 8 hours long?.9. 675 men. 27. What is the difference of time between April 1st, 1826, and June 15th, 1829?-3,2,14. Between March 19th, 1829, and August 20, 1826 -2,6,29. Between July 5, 1800, and February 16, 1826-25,7,11. A. 31 yrs., 4 mo., 24 days. 28. What is the interest of $120,60, from June 1, 1828, to June 16, 1829-7537. From May 15, 1824, to August 29, 1830-45506. From October 10, 1925, to November 1, 18282213. 4. $75,173+. ¶ LXXV. IN computing IntTEREST ON NOTES, When a settlement is made within a short time from the date or com mencement of interest, it is generally the custom to proceed according to the following RULE. Find the amount of the principal, from the time the interest commenced to the time of settlement, and likewise the amount of each payment, from the time it was paid to the time of settlement; then deduct the amount of the several payments from the amount of the principal. Exercises for the Slate. 1. For value received, I promise to pay Rufus Stanly, or order, Three Husdred Dollars, with interest. April 1, le25. $300 On this note were the following endorsements: PETER MOSELY Oct. 1, 1825, received $100 Time. April 16, 1826, Dec. 1, 1827, $ 50 3, 2, 6, 1, 11, 15, 4. What was due April 1, 1826? Ans. $60,73. 2. For value received, I promise to pay Peter Trusty, or order, Five Hur dred Dollars, with interest, July 1, 1825. $500. JAMES CARELEIN" 3. For value received, I promise to pay William Stimpson, or order, On Thousand Dollars, with interest. Jan. 16, 1820. "Compute the interest on the principal sum to the first time when a payment was made, which, either alone, or together with the preceding payments (if any), exceeds the interest then due; add that interest to the principal, and from the sum subtract the payment, or the sum of the payments, made at that time, and the remainder will be a new principal, with which proceed as with the first principal, and so on, to the time of settlement.' 1. For value received, I promise to pay Jason Park, or order, Six Hundred Dollars, with interest. March 1, 1822. $600. STEPHEN STIMPSON. Dec. 19, 1825, Time 8, 15, 1, 7, $100 15, 10, 15. $150 What was there due August 31, 1828? Ans. $194,41. The principal, $600, on interest from March 1, 1822..... Amount.... Payment, May 1, 1823, a sum greater than the interest......... Due May 1, 1823, forming a new principal..... Laterest on $442, from May 1, 1823, to June 16, 1894, (134 mʊ.)....... Amount, carried forward...... $600,00 42,00 $6-12,00 200,00 Amount, brought forward.......3471,83 Payment, June 16, 1824, a sum greater than the interest then due...... 80,00 .$391,83 Due June 16, 1224, forming a new principal....... $131,99 Payment, a sum less than the interest then duc.. .$ 12 $15 $100 $127,00 .$304,99 One March 1, 1926, forming a new principal... interest on $304,99, from March 1, 1826, to Oct. 16, 1827, (19} mo.)... 29,73 Payment, Oct. 16, 1827, a sum greater than the interest then due..... 150,00 .$184,72 9,69 Due Oct. 16, 1827, formning a new principal... .$194,41 Balance due Aug. 31, 1828....... 2. For value received, I promise to pay Asher L. Smith, or order, Nine Hun dred Dollars, with interest. June 16, 1820. WILLIAM MORRIS What remained due Sept. 1, 1828? Ans. $483,07. CONNECTICUT RULE. Established by the Supreme Court of the State of Connecticut in 1804. "Compute the interest to the time of the first payment; if that be one year or more from the time the interest commenced, add it to the principal, and deduct the payment from the sum total. If there be after payments made, compute the interest on the balance due to the next payment, and then deduct the payment as above; and, in like manner, from one payment to another, till all the payments are absorbed; provided the time between one payment and another be one year or more. But if any payments be made before one year's interest hath accrued, then compute the interest on the principal sum due on the obliga tion, for one year, add it to the principal, and compute the interest on the sum paid, from the time it was paid up to the end of the year; add it to the sum paid, and deduct that sum from tho principal and interest, added as above.* "If any payments be made of a less sum than the interest arisen at the time of such payment, no interest is to be computed, but only on the principal sum for any period." 1. For value received, I promise to pay Peter Trusty, or order, One Than mand Doiiars, with interest. June 16, 1824. $1000. ENDORSEMENTS. July 1, 1925, received $250 JAMES PAYSLI Aug. 16, 1826, Time. Dec. 1, 1826, 1, 8, 15, 6, 6, 10. What was due August 26, 1828? Ans. $507,86. 8464,13 due February 16, 1828. 14,9 interest to August 26, 1828, (6) months.) $478,82 due August 26, 1828, the time of settlement. If a year does not extend beyond the time of payment; but if it does, then And the amount of the principal, remaining unpaid, up to the time of settlement, likewise the amount of the payment or payments from the time they wore paid to the time of settlement, and deduet the sum of these severnl amounts om the amount of the principal ~ |