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The standard unit of value is the gold dollar. A gold dollar (no longer coined) contains 23.22 grains of pure gold and 2.58 grains of alloy. A silver dollar contains 371.25 grains of pure silver and 41.25 grains of alloy. The symbol for dollar is $, which is taken from U.S.

The coins of the United States are bronze, 14; nickel, 5¢; silver, 10¢, 25 ¢, 50¢, $1; and gold $21, $5, $10, and $20. The mill is not coined. These are coined at mints located in Philadelphia, New Orleans, Denver, and San Francisco.

The paper currency is issued in the denominations of $1, $2, $5, $10, $20, $50, $100, $500, and $1000. Paper currency consists of bank notes, silver certificates, and gold certificates. Examine some paper currency. The provision made · for the redemption of each piece of paper currency is printed on each bill.

Paper currency issued by national banks is commonly called bank notes. Their payment is guaranteed by deposits of government bonds with the national government.

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404. Table of Compound Interest.

Amount of $1, at various rates, interest compounded annually.

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1.010000 1.015000 1.020000 1.025000 1.030000 1.035000 1.020100 1.030225 1.040400 1.050625 1.060900 1.071225 1.030301 1.045678 1.061208 1.076891 1.092727 1.108718 1.040604 1.061364 1.082432 1.103813 1.125509 | 1.147523 1.051010 1.077284 1.104081 1.131408 1.159274 1.187686 1.061520 1.093443 1.126162 1.159693 1.194052

1.229255 1.072135 1.109845 1.148686 1.188686 1.229874 1.272279 1.082857 1.126493 1.171659 1.218403 1.266770 1.316809 1.093685 1.143390 1.195093 1.248863 1.304773 | 1.362897 1.104622 1.160541 1.218994 1.280085 1.343916 1.410599 1.115668 1.177949 1.243374 1.312087 1.384234 1.459970 1.126825 1.195618 1.268242 1.344889 1.425761 1.511069 1.138093 1.213552 1.293607 1.378511 1.468534 1.563956 1.149474 1.231756 1.319479 1.412974 1.512590 1.160969 1.250232 1.345868 1.448298 1,557967 1.172579 1.268986 1.372786 1.484506 1.604706 1.184304 1.288020 1.400241 1.521618 1.652848 1.196148 1.307341 1.428246 1.559659 1.702433 1.208109 1.326951 1.456811 1.598650 1.753506 1.220190 1.346855 1.485947 1.638616 1.806111 1.989789

1,618695 1.675349

1 733986

1.794676

1.857489

1.922501

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12345678

10

11

12

13

14

15

16

17

18

19

20

1.040000 1.045000 1.050000 1.060000 1.070000 1.080000 1.081600 1.092025 1.102500 1.123600 1,144900 1.166400 1.124864 1.141166 1.157625 1.191016 1.225043 1.259712 1.169859 1.192519 1.215506 1.262477 1.310796 1.360489 1.216653 1.246182 1.276282 1.338226 1.402552 1.469328 1.265319 1.302260 1.340096 1.418519 1.500730 1.586874 1.315932 1.360862 1.407100 1.503630 1.605782 1.713824 1.368569 1.422101 1.477455 1.593848 1.718186 1.850930 1.423312 1.486095 1.551328 1.689479 1.838459 1.999005 1.480244 1.552969 1.628895 1.790848 1.967151 2.158925 1.539454 1.622853 1.710339 1.898299 2.104852 2.331639 1.601032 1.695881 1.795856 2.012197 2.252192 2.518170 1.665074 1.772196 1.885649 2.132928 2.409845 2.719624 1.731676 1.851945 1.979932 2.260904 2.578534 2.937194 1.800944 1.935282 2.078928 2.396558 2.759032 3.172169 1.872981 2.022370 2.182875 2.540352 2.952164 3.425943 1.947901 2.113377 2.292018 2.692773 3.158815 3.700018 2.025817 2.208479 2.406619 2.854339 3.379932 3.996020 2.106849 2.307860 2.526950 3.025600 3.616528 4.315701 2.191123 2.411714 2.653298 3.207136 3.869684 4.660957

Abstract number, 16.
Accident insurance, 278.
Accounts, 42, 43, 274.

Acute angle, 79, 221, 229.

Acute-angled triangle, 221, 229.
Ad valorem duty, 198, 273.
Addend, 16.

Addition, of denominate numbers 77.

of fractions, 97-99, 108-112.

of integers and decimals, 16-19.
Additive method of subtraction, 22.
Aliquot parts, 147, 208.
Altitude, 221, 226, 295.
Amount, in addition, 16.
in interest, 208.
Angle measure, 237, 318.
Angles, 79, 221, 229, 318.
Apothecaries' measures, 317.
Apothem, 294.

Appendix, 256-320.

Approximate answers, 28.

Arabic numerals, 10.

Arc, 237, 318.

Are, 309.

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INDEX

MCCL. & JONES'S ESSEN. OF AR.

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Commercial discount, 204.

Commission, 192, 193, 262-264.

Common divisor, factor, or measure, 104.

Common multiple, 106.

Common stock, 258.

Composite number, 87.

Compound denominate numbers, 72, 77.

Compound interest, 217.

table of, 320.

Concrete number, 16.

Cone, 295, 296.

Consumer, 262.

Corporation, 256.

Corporation bond, 261.

Correspondence bank, 278.

Counting measure, 318.

Coupon bond, 261.

Credit, creditor, 42.

Cube (rectangular prism), 233.

Cube of numbers, 244.

Cube root, 246.

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Dates, difference between, 163, 267.

Days of grace, 215.

Debit, debtor, 42.

Decimal point, 9.

Decimal system, 7.

Decimals, addition of, 18.

division of, 68-70.

multiplication of, 39-41.

notation and numeration of, 15.

reduction of, 156-158.
subtraction of, 25.
Degree, 237.

Denominate numbers, 72, 76-86.

tables of, 312-319.
Denominator, 93, 109.
Deposit, bank of, 276.
Deposit slip, 274.
Diagonal, 226.

Diameter, 222, 281.

Difference, 20.

Direct taxes, 269.

Discount, 171.

bank, 218.

cash, 204.

trade or commercial, 204, 265.
true, 220.

Dividend, in division, 45.

in insurance, 280.

in stocks, 257.

Divisibility tests, 87.

Division, of fractions, 117, 118, 124-131.

of integers and decimals, 45-70.

Divisor, 45.

Draft, bank, 278.

Dry measure, 818.

Duties, 198, 202, 208, 271-278.

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Land measure, 297, 809.

Latitude, 238.

Law of commutation, 32.

Least common denominator, 109.

Least common multiple, 106.

Life insurance, 278-283.

Life policies, 279.

Like quantities, 16.

Linear measure, 76, 308, 815.

Liquid measure, 318.
List prices, 204.
Liter, 310.

Local taxes, 198, 270.

Long division, 63-67.

Long measure, 76, 308, 315.
Longitude and time, 240-242.

Loss and profit, 181-183.
Lowest terms, 105.

Lumber measure, 160-162.

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Policy, 195, 279.

Poll tax, 270.

Polygons, regular, 293–294.
Powers and roots, 244-251.
Preferred stock, 258.

Premium, on policy, 195.

stock at, 257.

Price lists, 265.

Prime meridian, 238.
Prime number, 87.
Principal, 207.

Prism, 221, 222, 233-235.

Proceeds, 218.

Producers, 262.

Product, 31.

Profit and loss, 181-183.

Promissory note, 207, 214.

Proper fraction, 94.

Property, 198, 269.
Property tax, 270.
Proportion, 243, 291.
Public lands, 297-299.
Pyramid, 295, 296.

Quadrilateral, 221, 227.
Quotient, 45.

Radical, 246.
Radius, 222, 231.
Railway time table, 74.
Range lines, 299.
Rate, of dividend, 257.
of interest, 215, 274.
of taxation, 198.

Ratio, 54, 91, 145, 243.

Real estate or real property, 198, 261,

270.

Receipts, 44.

Reciprocals, 125.

Rectangle, 80, 81, 221, 224, 252.

Rectangular solid, 84, 221, 224, 225, 233.

Reduction of fractions, 100.

Registered bond, 261.

Reviews, 71-75, 137-144, 150-155, 184-187,

254, 255,

Right angle, 79, 221, 223, 237.

Right-angled triangle, 221, 226, 250, 251.

Roman notation, 13.

Roots, 244-251.

Savings banks, 274.

Scale drawing, 132-136.
Section, 301, 302.
Shares of stock, 256.
Shingling, 162.

Short methods, 38, 148.
Similar figures, 253.

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