...the _ difference is upwards 3285000 of 120 figures. 12 39420000 ( 41!. 35040000 4380000 / I Or thus : Multiply the principal by the number of days ; divide the product by 100 ; to the quotient add T'r of itfclf, the Aim is the intercft required in three pences. This rule...

...•§• of the principal multiplied by one- Add thousandth for the fractional part. $1,386218 207. To avoid the fractions which sometimes appear in the...quotient three more places for decimals than there are decimals in the given principal. 2. What is the interest on $657,87 for 13 days, at 6 per cent per...

...principal by .004, and then add f of the principal multiplied by one thousandth for the fractional part. 206. To avoid the fractions which sometimes appear...6 per cent per annum ? We first multiply the given OPERATION. principal by 13 ; we then di- $657,87 vide the product by 6 ; and 13 since there are two...

...principal by .004, and then add jof the principal multiplied by onethousandth for the fractional part. 210. To avoid the fractions which sometimes appear in the...number of days, divide the product by 6, and then point of in the quotient three more places for decimals than there are decimals in the given principal. 2....

...multiply the number of months and by double the rate per cent. 3. To find the interest at 5 per cent, for any number of days ; multiply the principal by } the number of days j cut off the right hand figure of the product, and consider the other figures as pence, deducting...

...6000 :»::1: rr.- Hence we have the following rule, called the bank rule : To find the int. at 6 pc for any number of days, multiply the principal by the number of days, and divide by 6000. Ex. 1. Suppose we would have the int. of $1776 for 24 days, we say, 177 24 = 1,776...

...:»::!: .-^TTS- Hence we 0000 have the following rule, called the bank rule : To find the int. at 6 pc for any number of days, multiply the principal by the number of days, and divide by 6000. Ex. 1. Suppose we would have the int. of $1776 for 24 1 77fi v 24. days, we say,...

...Merchants' Magazine, etc : — SIB : — A method of computing interest, now in almost universal use, ia to multiply the principal by the number of days, divide the product by 6, and cut off the three right-hand figures of the quotient ; the remaining figures will express the interest...

...Merchants Maganne, etc : — SIR : — A method of computing interest, now in almost universal use, is to multiply the principal by the number of days, divide the product by 6, and cut off the three right-hand figures of the quotient ; the remaining figures will express the interest...

...Merchant*' Magazine, etc : — SIR ': — A method of computing interest, now in almost universal use, ia to multiply the principal by the number of days, divide the product by 6, and cut off the three right-hand figures of the quotient ; the remaining figures will express the interest...