EQUATION OF PAYMENTS consists in averaging the time of several payments so as to get the time when all may be paid at once, without loss to either party; thus, 1. Bought goods for $300 payable in 2 months, $500 in 3 months, $700 in 4 months. At what time should the whole be paid without loss to either party? = The discount of 4900 for 1 month = 1500 in 31 months. The whole should be paid in 3 mo. 8 da., Ans. 2. Bought goods for $500 payable in 30 days, $600 in 60 days, $1000 in 90 days, $5000 in 120 days. What would be the equated time to pay the whole? AVERAGING ACCOUNTS. When sales are made at different times and on different terms, to find on mean time when all may be paid without loss to either party; thus, 1. A merchant sells goods as follows: Jan. 1st, $100 on 1 month. Jan. 18th, 200 on 1 month. At this date no payment has been made. In how many days should the whole be paid at once in order to secure both parties? Begin at Feb. 1st, when the first account is due. Due 54 days after Feb. 1st; that is, 27th March. 2. When an account has both debits and credits, begin with the first date. DR. B. THOMPSON in acccount with I. PARSONS. CR. CONJOINED EQUATIONS AND RATIOS consist of a number of equations, and in each successive equation the left hand member or antecedent is a like term of the right hand member or consequent of the preceding equation. PROBLEMS. 1. If 5 oranges are worth 8 lemons, 3 lemons worth 10 apples, 4 apples worth 1 melon, and 6 melons worth 75 cents, how much are 12 oranges worth? Arrange in equations. oranges. lemons. 3 10 melon. 41 cents. 2. If 6 cords of wood buy 12 barrels of apples, 8 barrels of apples buy 6 barrels of oranges, 2 barrels of oranges 32 lbs. butter, 40 lbs. butter = 1 ton coal, and 6 tons coal = 15 barrels flour, how many cords wood will 12 barrels flour buy? = 2×2×28 cords of wood. COR. 1.-When the odd term, which is the term of demands, is the consequent of the last equation, make it the first term and multiply it by all the other terms as ratios in the order in which they stand, the upper like member as the numerator and the lower one as denominator. COR. 2.-When the antecedent of the first equation is the odd term, multiply it by all the other terms inverted as ratios. EXAMPLES. 1. If A can do as much work in 3 days as B in 41 days, B as much in 9 days as C in 12 days, and C as much in 10 days as D in 8 days, how many days work of D's is equal to 5 days of A's. Ans. 5 days of A. 8 days of D. 2. If 4 men can do as much work as 5 women, 6 women as much as 9 boys, 15 boys as much as 25 girls, and 27 girls can bind 300 sheaves in an hour, how many sheaves can 18 men bind in the same time? |