3. What will be the cost of 28 yards of broadcloth at £1 4s 6d per yard?

4 What will be the cost of 2000 quills at cent per quill? Ans. $10.

5. What will be the cost of 1800 lead pencils at 3 cents apiece?

6. What will 14 Ell English 2 nails of broadcloth cost at £2 3s 8d per yard? Ans. £38 9s 74d. 7. What will 31cwt 1qr. 6lb. of sugar cost at 1s per pound?

8. What will 102 acres of land come to, at £6 4s 4d per acre? Ans. £634 2s. 9. What will be the cost of 19gal. 1qt. 2gi. of wine at 5s 4d per quart ?

10. What will be the cost of 72 dozen of eggs at 1s 3d per dozen ? Ans. £4 10s 11. What will 393 pound of cheese come to, at 1s 2d per pound?

12. What will be the cost of 28 yards of cloth, at $91 per yard? Ans. 270,75. 13. What will 288 pounds of rice come to, at 3d per pound?

14. What will be the cost of 924 yards of linen at 75 cents per yard? Ans. $693. 15. What will 154 tons of hay come to, at $12 per ton?

16. What will be the cost of 876 bushels of apples, at 311 cents per bushel? Ans. 273,75. 17. What is the cost of 280 yards of tape, at 21 cents per yard?

18. What is the cost of 40 pounds of soap, at 62 cents per pound? Ans. 270. 19. What will be the cost of 2hhd. 5gal. 3qt. 2gi. of molasses, at 12 cents per quart?

20. What will be the cost of 55bu. 3pk. 5qt. of wheat, at 10s 2d 3 far per bushel ? Ans. £28 11s 10d 182d. 21. What is the value of 3096 yards of tape, at 21d per yard? Ans. £29 Os 6d. 22. What is the cost of 7422 pounds of sugar, at 151⁄2d per pound?

SIMPLE INTEREST.

1. What is the interest, at 6 per cent, on $178,50 for 50 years? Ans. 535,50. 2. What is the amount of $1433,14 after bearing interest for 8 years, at 6 per cent?

3. What is the interest on $957,08 for 12 years, at 3 per cent? Ans. 401,97 3+. 4. What is the interest on $750,90 for 84 months, at 7 per cent?

5. What is the interest on $8099,74 for 48 months, at 5 per cent per annum? Ans. 1619,94 8. 6. What is the interest on $179,50 for 60 months, at 6 per cent per annum ?

7. What is the interest on $37596,42 for 48 months, at 6 per cent per annum ? Ans. $9023,140+. 8. What is the interest on $7953,70 for 27 months, at 6 per cent per annum ?

9. What is the interest on $0,75 for 150 years, at 6 per cent per annum? Ans. 6,75. 10. What is the amount of $63,50 for 200 years, at 6

per cent per annum ?

11. What is the interest on $1639,50 for 11 months, at 6 per cent per annum? Ans. $90,17 2+. 12. What is the interest on $64,36 for 72 months, at 6 per cent per annum ?

13. What is the interest on $33,50 for 7 months and 17 days, at 7 per cent per annum? Ans. $1,47 8+.

14. What is the interest on $102,34 for 9 months and 29 days, at 4 per cent per annum?

15. What is the interest on $172 for 99 months and 19 days, at 121 per cent per annum? Ans. $178,50+. 16. What is the interest on $288 for 5 days, at 6 per cent per annum?

17. What is the interest on $1613,80 for 1 year 10 months and 10 days, at 6 per cent per annum ? Ans. $180,207+. 18. What is the interest on $400, for 10 years 3 months and 6 days, at 7 per cent per annum? Ans. $287,46 6+.

COMPOUND INTEREST.

1. What will be the amount of £550 10s placed at compound interest at 7 per cent for 3 years, the interest being added annually? Ans. £674 78 81d+.

2. If the population of a country be 2500000, and it increases 25 per cent every 10 years, what will it amount to in 20 years?

3. What will a note of $300 amount to in 2 years, compound interest at 6 per cent, the interest being added semi-annually? Ans. $337,65 2+.

4. What is the compound interest on $637,25, for 5 years at 5 per cent, the interest being added annually? 5. What will be the amount of $600 in 11 years at 6 per cent, the interest being added quarterly?

Ans. 656,06 5+.

DISCOUNT.

1. A note of $550,50 is due in 11 months, but the person to whom it is payable sells it with the discount off at 7 per cent: how much shall he receive?

Ans. 517,30 6+. 2. How much ought Mr. Ready to pay in cash for his note of £18, due 15 months hence, it being discounted at 5 per cent?

3. Mr. A gives his note to B for $240, one-half payable in 4 months and the other half in 8 months: what is the present value of said note, discount at 5 per cent per annum ? Ans. 234,16 2+.

4. What is the present value of £275 payable as follows: one-half in 3 months, one-third in 6 months, and the rest in 9 months: the discount being 6 per cent per annum?

5. Bought goods for £250 ready money, and sold them for £300 payable by a note at 6 months: now if the note be discounted at 6 per cent per annum, will the purchaser make or lose? Ans. makes £41 5s 23d+. 6. What is the present value of $4000 payable in 9 months, discount 4 per cent per annum?

EXAMPLES IN COMMISSION AND BROKERAGE. 327

7. How much corn must I carry to receive a bushel of meal: he taking

a miller that I may
for toll?
Ans. 1bu. 22qt.

8. Mr. Johnson has a note against Mr. Williams for $715,50, dated August 17th, 1838, which becomes due January 11th, 1839: what ready money must be paid for the note September 25th, 1838.

9. C owes D $1728, to be paid October 27th, 1842; C wishes to pay. on the 24th of August, 1838, to which D consents: how much ought D to receive, interest at 6 per cent? Ans. $1381,847+.

10. What is the present value of a note of $1600, due 4 years hence the interest being computed at 5 per cent per annum?

11. A man having a horse for sale, offered it for $225 cash in hand, or 230 at 9 months; the buyer chose the latter did the seller lose or make by his offer, supposing money to be worth 7 per cent?

Ans. he lost $6,47 3+.

COMMISSION AND BROKERAGE.

1. My commission merchant sells goods to the amount of $1000, on which I allow him a commission of 2 per cent, and as he pays over before the money becomes due, I allow him 1 per cent: how much am I to receive? Ans. $965,30.

2. My broker receives from me $2000 to be laid out in stocks: what will be the value of my stocks after allowing him 24 per cent commission?

3. I sold $6910,80 worth of goods for a merchant at a commission of 21 per cent: how much ought to pay over to my principal? Ans. $6738,03.

4. I remitted to my agent $7380 to lay out in the purchase of iron. He takes 3 per cent on the whole sum for his commission, and then buys iron at 95 dollars per ton: how much does he purchase?

PERCENTAGE.

The term per cent, means a hundredth part of the thing spoken of. The term is generally used to express the interest on money, but may also be employed to designate hundredth parts of other things. Thus, when we say twenty per cent of a bushel of wheat, we mean twenty hundredths, or one-fifth of it.

EXAMPLES.

1. A has $426 deposited in the bank, and wishes to draw out 5 per cent of it: how much must he draw for? Ans. $21,30.

2. A merchant has 600 barrels of flour; he shipped 64 per cent of it and sold the remainder: how much did he sell?

3. A merchant bought 400 hogsheads of molasses. On getting it into his store, he found it short 3 per cent: how many hogsheads were wanting? Ans. 14. 4. Two men had each $240. One of them spends 14 per cent, and the other 18 per cent: how many dollars more did he spend than the other?

5. What is the difference between 5 and 6 per cent of $350 ?

per cent of $400 Ans. $0,75.

6. A trader laid out $160 as follows: He pays 24 per cent of his money for broadcloths; 30 per cent of what is left for linens; 12 per cent of what is left for calicoes; and then, 5 per cent of the residue for cottons: how much did he pay for cottons ?

7. A man purchases 250 boxes of oranges and found that he had lost in bad ones 18 per cent: To how many full boxes were his good oranges equal? Ans. 205.

8. If I buy 895 gallons of molasses and lose 17 per cent by leakage, how much have I left?

To find the rate per cent.

1. If I buy 6 hogsheads of molasses for $200 and sell them for $220, what do I gain per cent on the money expended?