year first; and then for the months, to take the aliquot parts of a year; and for the days, the aliquot parts of a month; as in the following examples. 67. What is the interest of 934 dollars 34 cents, for 3 years and 5 months, at 7 per cent. per annum ? 934.34 .07 4 months is į of a Y. 3) 65.4038 interest for 1 year 196.2114 interest for 3 years. 1 month is 1 of 4 ms. 4) 21.8012 interest for 4 ms. 5.4503 interest for 1 m. $ 223.4629 interest for 3Y.5 ms. 68. What is the interest of 371 dollars 42 cents, for 1 year 9 months and 19 days, at 7} per cent. a year ? 371.52 .075 185760 260064 6 months is į of a year. 2) 27.86400 for 1 year. 3 months is of 6 ms. 2) 13.93200 for 6 months. 15 days is 1 of 3 ms. 6) 6.96600 for 3 months. 3 days is į of 15 days. 5) 1.16100 for 15 days. 1 day is į of 3 days 3) 23220' for 3 days. .07740 for 1 day. $50.53268 for the whole time 69. What is the interest of 412 dollars 17 cents, for 1 year 7 months and 10 days, at 7 per cent. a year? 70. What is the interest of 15748 dollars, for a year, at 41 per cent. ? 71. What is the interest of 125 dollars 50 cents, for 2 years at 7 per cent. a year? 72. What is the interest of 969 dollars, for 4 years, at 8 per cent. a year ? 73. What is the interest of 655 dollars 30 cents, for a year, at 7 per cent. ? 74. What is the interest of 404 dollars 39 cents, for a year, at 5 per cent. ? 75. To what sum will 1060 dollars 90 cents amount, in a year, at 7 per cent. ? 76. What is the interest of 1650 dollars, for a year, at 30 per cent.? 77. What will 1428 dollars amount to, in a year and 5 months, at 5 per cent. a year? 78. What is the interest of 2194 dollars 50 cents, for a year and 10 months, at 7 per cent. a year? 79. What is the interest of 20750 dollars 42 cents, for 1 year 2 months and 20 days, at 4 per cent. a year ? 80. What is the interest of 1109 dollars 44 cents, for 11 months, at 5 per cent. a year? 81. What is the interest of 717 dollars 19 cents, for 5 months and 6 days, at the rate of 7 per cent. a year ? 82. What is the interest of 2119 dollars 78 cents, for 3 months and 24 days, at 4 per cent. a year? 83. To what sum will 107 dollars 29 cents amount, in 7 months and 5 days, at the rate of 7 per cent. a year ? 84. To what sum will 5123 dollars 60 cents amount, in 3 months and 26 days, at 51 per cent. a year? 85. What is the interest of 8244 dollars, for 1 month and 20 days, at the rate of 8 per cent. per annum ? 86. What is the interest of 1062 dollars 80 cents, for 2 months, at the rate of 9 per cent. per annum ? 87. What is the interest of 4003 dollars 90 cents, for 9 months, at the rate of 7 per cent. a year? 88. What is the interest of 12416 dollars 25 cents, for 4 months, at the rate of 4 per cent. a year ? 89. To what sum will 103 dollars 70 cents amount, in 1 year 2 months and 13 days, at 7 per cent. a year ? 90. To what sum will 86 dollars 21 cents amount, in 1 year 1 month and 27 days, at 7 per cent. a year ? 91. What is the interest of 502 dollars 9 cents, for 1 year 3 months and 7 days, at 7 per cent. a year ? 92. What is the interest of 319 dollars 27 cents, for 2 years 7 months and 11 days, at 7 per cent. a year? 93. What is the amount of 753 dollars 50 cents, for 1 year 9 months and 21 days, at 30 per cent, a year? 94. To what sum will 207 dollars 8 cents amount, in 1 year 4 months and 5 days, at 7 per cent. a year? 95. What is the interest of 99 dollars 10 cents, for 2 years 1 month and 23 days, at 7 per cent. per annum? To calculate interest on English money, first reduce the shillings, pence and farthings, to the decimal of a pound; the operation will then be as simple as the operation on Federal money. 96. What is the interest of £17 10 s. 6 d. for 2 years 6 months, at 4 per cent. a year ? £ s. d. £ £ $ 8. d. Tr. . 1.7625=1 15 0 21 Ans. 97. What is the interest of £42 18s. 9 d., for 1 year 7 months and 15 days, at 5 per cent. per annum ? 98. What is the interest of £23 8 s. 9 d., for 6 years, at 7 per cent. a year ? 99. To what sum will £ 140 12s. 3 d. amount, in 1 year 4 months and 12 days, at 6 per cent. a year? 100. To what sum will £ 463 19 s. 6 d. amount, in 2 years and 8 months, at 6 per cent. per annum ? 101. What is the interest of £104 16 s. 10 d., for 11 months and 27 days, at the rate of 7 per cent. a year? 102. What is the interest of £ 90 5 s. 3d., for 1 year 1 month and 9 days, at 7 per cent. per annum ? 103. What is the interest of £512 7s. 4 d., for 1 year 2 months and 21 days, at 5 per cent. a year ? 104. To what sum will £ 210 10s. 6 d. amount, in 1 year 3 months and 18 days, at 7 per cent. a year? 105. What is the interest of £2149 13s. 3 d., for 5 months and 17 days, at the rate of 5 per cent. a year? 106. What is the interest of £750 4 s. 6 d., for 2 years 3 months and 20 days, at 7 per cent. a year? 107. To what sum will £70 10s. amount, in 3 years 2 months and 10 days, at 7 per cent. a year? 108. What is the interest of £803 59. 7 d., for 10 months and 14 days, at the rate of 5 per cent. per annum ? 9* 109. To what sum will £13 13s. 6 d. amount, in 1 year 11 months and 19 days, at 5 per cent. per annum. PARTIAL PAYMENTS. In computing interest on notes, bonds, &c. whereon partial payments have been made, it is customary, when settlement is made in a year, or in less than a year from the commencement of interest, to find the amount of the whole principal to the time of settlement, and also the amount of each payment, and deduct the amount of all the payments from the amount of the principal. The learner may compute the interest on the following notes; considering the rate to be 6 per cent. per annum, when no other rate is stated. (110.) Boston, January 14th. 1833. For value received, I promise Samuel Burbank Jr. to pay him or order the sum of one hundred and forty-one dollars and eight cents, in three months, with interest afterward. Horace Chase. On the back of this note were the following endorsements. May 1st. 1833, received seventy-five dollars. September 14th. 1833, received forty-five dollars. The balance of the note was paid January 14th. 1834. How much was the balance ? First payment, $75. | 2nd. payt. $ 45. Principal, $ 141.08 Interest, 8 m. 14 d., 3.17 | Int., 4 m. .90 Int., 9 m. 6.34 Amount, $ 78.17 | Amount, $ 45.90 Amount, 147.42 78.17 124.07 Amount of payments, $ 124.07 Balance, $23.35 (111.) New York, May 25th. 1833. For value received, I promise Joseph Day to pay him or order the sum of three hundred and one dollars and forty-seven cents, on demand, with interest. Attest. John Smith. , Samuel Frink. On the back of this note, the following endorsements were made. July 1st. 1833, received sixty-seven dollars and fifty cents. January 4th. 1834, received forty-eight dollars. April 11th. 1834, received thirty-nine dollars. The balance of this note was paid June 21st. 1834. Required the balance. (112.) Philadelphia, June 26th. 1833. For value received, I promise Charles S. Johnson to pay him or order ninety-three dollars and twenty-eight cents, on demand, with interest. James Orne. Attest. Levi Dow. On this note there were two endorsements, viz. Nov. 5th. 1833, received forty-three dollars and seventy-five cents. Feb. 22d. 1834 received thirty-seven dollars. What was due, May 26th. 1834, when the balance was paid. (113.) Baltimore, March 4th. 1832. For value received, I promise Hay & Atkins to pay them or order the sum of four hundred and three dollars and fifty-six cents, in nine months, with interest afterward. Homer Chase. The following endorsements were made on the back of this note. Jan. 1st. 1833, received one hundred and eighty-four dollars. August 18th. 1833, received one hundred dollars. This note was taken up Dec. 1st. 1833. What was the balance then due upon it? (114.) Hartford, July 11th. 1831. For value received we promise Joseph Seaver to pay him or order the sum of two hundred and seventeen dollars and fifty cents, in four months, with interest after that time. Whiting & Davis. On this note there were three endorsements: viz. Nov. 16th, 1831, received ninety-three dollars. Feb. 12th. 1832, received fifty dollars. August 2d. 1832, received sixty-seven dollars and seventy-five cents. This note was taken up Oct. 4th. 1832. How much was then due upon it ? (115.) Burlington, October 1st. 1832. For value received, we promise Hannum, Osgood, & Co. to pay them or order the sum of seven hundred and fourteen dollars, in three months, with interest afterward. Mason & Gould. The following payments were endorsed on the note. January 'Ist. 1833, received three hundred and sixty-four dollars. May 1st. 1833, received one hundred and twenty-five dollars and fifty cents. August 1st. 1833, received eighty-six dollars. Nov. 1st. 1833, received a hundred and ten dollars. The balance due on this note was paid Jan. Ist. 1834. How much was it? |