INTEREST. 1. Define interest. Principal. Amount. Art. 219. 2. Define rate of interest. What does per annum mean? Art. 219. 3. How do you find the interest of any principal for any number of years? Give the analysis, with reasons. Art. 220. 4. How do you find the interest for any time, at any rate? Art. 221. 5. How do you find the interest on any principal for any time, rate? Art. 221, 222. at any 6. Gave a note of $560.40, March 14th, 1855, on interest after 90 days. What interest was due Dec. 1st, 1856, at 10 per cent.? Art. 222. Ex. 27. 7. How do you find the interest when the principal is in pounds, shillings and pence? Art. 223. 8. How many parts are there in every question in interest? Art. 224. 9. How many of these must be known before the remainder can be found? Art. 224. 10. How do you find the interest when you know the principal, rate and time? Art. 224. 11. How do you find the principal when you know the interest, rate and time? Art. 224. 12. How do you apply the formula to any case? Art. 224. 13. Give rule and reason for Partial Payments. Art. 225. 14. For value received we jointly and severally promise to pay Jones, Mead & Co. or order, four hundred and fifty dollars on demand, with interest at 8 per cent. Manning & Bros. The following indorsements were made on this note: Dec. 28th, 1854, re Sept. 25th, 1851, received $85.60. July 10th, 1852, received $20. June 6th, 1853, received $150.45. ceived $25.12. May 5th, received $169. 18th, 1857? Art. 225. Ex. 6. COMPOUND INTEREST. What was due Oct. 1. Define Legal interest. Compound interest. Art. 227. 3. Find by the table what $75 will amount to in 10 years 4 mo. 21 days, at 7 per cent. compound interest. Art. 227. Ex. 13. 4. What will be the compound interest of $200 for 1 year 7 mo. 9 da., at 5 per cent.? Art. 227. Ex. 14. DISCOUNT. 1. Define Discount. What is the face of a note? Present value? Art. 228. 2. What is the discount on any note? Art. 230. 3. Give the rule for finding the discount. Art. 230. 4. What sum of money will amoun, to $2500 in 2 years 7 mo. 12 da., at 12 per cent.? Art. 230. Ex. 5. 5. Which is the more advantageous, to buy sugar at 7 cents a pound on 4 months credit, or at 8 cts. a pound on 6 months, at 6 per cent. interest? Art. 230. Ex. 13. 6. Bought land at $10 an acre; what must I ask per acre if I abate 10 per cent. and still make 20 per cent. on the purchase money? Art. 230. Ex. 14. BANKING. 1. Define Bank and Banking. 231. Bank Bills. Art. 231. 3. What are BUSINESS NOTES? Days of grace? Art. 231. BANK DISCOUNT. 1. Define Bank Discount. When is the interest paid? Art. 232. 2. How is interest calculated by the customs of banks? Art. 232. 3. What is the bank discount and proceeds of a note of $500 at 6 per cent., payable in 8 months? Art. 232. Ex. 3. 4. What is the difference between the true and bank discount of $10,000, payable in 4 months at 8 per cent.? Art. 232. 5. How do you find the face of a note of a required present value? Art. 232. COMMISSION. 1. Define Commission and tell how you find the amount of commission on a given sum. Art. 234. 2. How do you find the amount to be invested exclusive of the commission? Art. 234. 3. A town collector received 4 per cent. for collecting a tax o $2564.25; what was the amount of his per centage? Art. 234. Ex. 7. 4. A bank fails and has in circulation bills to the amount of $267581; it can pay 93 per cent.: how much money is there on hand? Art. 234. Ex. 8. STOCKS AND BROKERAGE. 1. Define Corporation. Charter. State Stocks. United States Stocks. Capital or Stock. Shares. 2. What is par value? Market value? Art. 238. 3. When is the stock said to be above par? Below par? Art. 238. 4. What is dividend? On what is it estimated? Art. 239. 5. Define Brokerage and tell how you find the value of stock which is above par. Art. 241. 6. The par value of 257 shares of bank stock was $200 a share; what is the present value of all the shares, the stock being at a premium of 15 per cent.? Art. 241. Ex. 3. 7. How do you find the sum which will purchase a given amount of stock at par value? Art. 242. 8. How do you find the rate of interest on an investment when the stock is above or below par? Art. 243. 9. How do you find which is the best investment? Art. 244. 10. Which will yield the largest profit, 8 per cent. stock at a premium of 20 per cent., or 5 per cent. stock at 80 per cent.? Art. 244. Ex. 3. PROFIT AND LOSS. 1. Define Profit and Loss, and give rule and reason for finding profit or loss. Art. 240. 2. How do you find the cost when you know the per cent. and the amount of sale? Art. 246. 3. How do you find the selling price of an article so as to gain or lose a certain per cent.? Art. 247. 4. How do you find the per centage when you know the gain or loss? Art. 248. 5. Bought a piece of cotton goods for 6 cents a yard, and sold it for 7 a yard; what was my gain per cent.? Art. 248. Ex. 2. 6. If a merchant sell tea at 66 cents a pound and gain 20 per cent., how much would he gain per cent. if he sold it at 77 cents a pound? Art. 248. Ex. 10. INSURANCE. 1. Define Insurance. Policy. Premium. Art. 251. 2. How many cases are there which arise in insurance? are they? Art. 252. 3. Give the rule for finding the premium. Art. 253. 4. What is life insurance? Art. 254. What 5. A merchant paid $1920 insurance on his vessel and cargo, which was 5 per cent. on the amount insured; how much did he insure? Art. 253. Ex. 13. 6. What do you understand by the expectation of life? Art. 255. 7. What may be calculated from the necessary facts? Art. 256. 8. What will be the, annual premium for insuring a person's life who is 60 years of age for $2000, at the rate of $4.91 on one hundred dollars? Art. 256. Ex. 5. ENDOWMENTS. 1. Define Endowments. What does a table of endowments show, and what may be found from the table? Art. 257. 2. What endowment at 21 can be purchased for $961 paid at the age of five years? Art. 257. Ex. 2. ANNUITY. 1. What is an annuity? Present value of an annuity? Art. 2. How do you find the present value of an annuity for a given rate and time? Art. 258. 3. What is the present value of an annuity of $1500 a year for 30 years, the compound interest being reckoned at 5 per cent.? Art. 258. Ex. 3. ASSESSING TAXES. 1. What is a tax? Poll tax? How generally collected? Art. 259. 1 2. What is the first thing to be done in assessing taxes? Art. 260. 3. Explain the process of finding the per cent. of tax to be levied on a dollar. Art. 260. 4. How do you form the assessment table? Art. 261. 5. Give the whole process required in making out a school bill, and tell on what principle founded. CUSTOM HOUSE BUSINESS. 1. Define a port of Entry. Duty. Custom House. Art. 262. 2. What charges are vessels required to pay? Art. 262. 3. Under whose directions are the revenues of the country? Art. 262. 4. How are duties collected? By whom? 5. Define Specific duty. Advalorem duty. 6. What do the laws of Congress direct in goods? Art. 263. Art. 262. 7. Define gross weight. Net weight. Draft. Tare. Art. 263. 8. What are the different kinds of tare? Art. 263. 9. What will be the duty on 225 bags of coffee, each weighing gross 160 lbs., invoiced at 6 cents a pound, 2 per cent. being the legal rate of tare, and 20 per cent. the duty? Art. 263. Ex. 21. EQUATION OF PAYMENTS. 1. What is Equation of Payments? Art. 264. Art. 264. Art. 264. (Note.) 4. A note for $500, dated Nov. 6th, 1856, payable in three |