 | 1801 - 446 σελίδες
...payment 2048!. SIMPLE INTEREST, INTEREST is the premium, allowed for the loan of money. The sum lent is called the principal. The sum of the principal and interest is called the amount. Interest is allowed at so much per cent, per annum, which premium per cent, per annum, or interest... | |
 | James Thomson (LL.D.) - 1837 - 296 σελίδες
...by a person for tbe use of money which he owes, is called the INTEREST of that money. The money due is called the PRINCIPAL. The sum of the principal and interest is called the AMOUNT. The RATE is the money allowed for die use of one hundred pounds for any given time, but usually for... | |
 | John Groesbeck - 1867 - 226 σελίδες
...INTEREST. 54. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum...of the Principal and Interest is called the Amount. 55. Legal Interest is the rate established by law. Usury is interest greater than the legal rate, and... | |
 | John Groesbeck - 1868 - 350 σελίδες
...INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum...of the Principal and Interest is called the Amount. 115. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
 | James Stewart Eaton - 1868 - 190 σελίδες
...? LESSON II. REMARKS. 1. INTEREST is money paid for the us» of borrowed money. The money borrowed is called the Principal. The sum of the principal and interest is called the Amount. 2. In many of the United States interest is computed at G per cent., and this will be the per cent,... | |
 | John Groesbeck - 1871 - 370 σελίδες
...INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum...the Principal and Interest is called the Amo'unt. 145. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
 | John Groesbeck - 1872 - 374 σελίδες
...INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum...of the Principal and Interest is called the Amount. 145. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
 | James Stewart Eaton - 1877 - 182 σελίδες
...? LESSON II. REMAEKS. 1. INTEREST is money paid for the us» of borrowed money. The money borrowed is called the Principal. The sum of the principal and interest is called the Amount. 2. In many of the United States interest is computed at 6 per cent., and this will be the per cent,... | |
 | James Thomson - 1880 - 408 σελίδες
...a person for the use of money •which he owes, is called the INTEREST of that money. The money due is called the PRINCIPAL. The sum of the principal and interest is called the AMOUNT. The RATE is the money allowed for the use of one hundred pounds for any given time, but usually for... | |
 | John Williston Cook, Nebraska C. Cropsey - 1893 - 316 σελίδες
...the use of money is catted Interest. It is reckoned at a given rate per cent by the year. The money on which the interest is paid is called the Principal. The sum of principal and interest is catted the Amount. 3. What is the interest of $200 for one year at 6 % ?... | |
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Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amo'unt. 
