UNITED STATES MONEY

131. United States Money is the legal currency of the United States. Its denominations increase and decrease upon a decimal scale, ten units of one order making one of the next higher.

The dollar is the unit, and the decimal point or period is used to separate dollars from the cents and mills.

132. The Coin of the United States consists of gold, silver, nickel and bronze.

The Gold Coins are the double-eagle, eagle and half-eagle pieces.

The Silver Coins are the dollar, half-dollar, quarter-dollar and ten-cent pieces.

The Nickel Coin is the five-cent piece.

The Bronze Coin is the one-cent piece.

The Paper Money of the United States consists of United States treasury notes, national bank bills and gold and silver cer tificates.

NOTE.-1. The mill is a denomination used only in computations; it is not a coin.

2. The character $ is supposed to be a contraction of U. S. (United States), the U. being placed upon the S.

To Read or Write United States Money

Read or write the number at the left of the period as dollars, the first two figures at the right of the period as cents; and if there be a third figure, as mills.

10. Write thirty-nine cents.

11. Write fourteen cents and seven mills.

12. Write ninety-three cents and four mills.

13. Write nine dollars and twenty-five cents.

14. Write one hundred forty-six dollars, four cents and seven mills.

15. Write one hundred dollars, one cent and five mills.

16. Change 375 cents to dollars.

NOTE.—To change cents to dollars point off two places.

17. In 1367 cents how many dollars?

18. In 24367 mills how many dollars?

NOTE. To change mills to dollars point off three places.

19. Reduce 3428 mills to dollars.

20. In $36 how many cents?
21. In $18.25 how many cents?
22. In 16 cents how many mills?
23. In $235.046 how many mills?
24. In $3.005 how many mills?

ADDITION

133. 1. What is the sum of 145 dollars 25 cents; 60 dollars 30 cents; 18 dollars 10 cents 5 mills; 340 dollars 37 cents; and 12 dollars 87 cents 5 mills?

SOLUTION

$145.25

60.30

18.105

340.375

12.875 $576.905

To Add United States Money

a. Write dollars under dollars, cents under cents, etc.

b. Add as in simple numbers and place the point in the amount as in addition of decimals.

2. Find the sum of 180 dollars 15 cents 7 mills; 236 dollars 42 cents 4 mills; 105 dollars 65 cents 3 mills; 118 dollars 50 cents 9 mills; 300 dollars 4 cents 2 mills.

3. Find the sum of 65 cents; 1 dollar 1 cent 1 mill; 100 dollars; 32 dollars 10 cents 1 mill; 18 cents 6 mills; 12 cents; 85 cents 7 mills.

4. A collector was sent out to collect bills for the following amounts: $128.14; $36.25; $10.671; $246.34; $1.621; and $100. What was the total amount to be collected?

5. A lady made purchases as follows: A dress for $16.35; a hat for $9.87; a pair of shoes for $4.50; a paper of needles for 6 cents; some ribbon for 35 cents. What was the total amount of her purchases?

6. A merchant has due him from one customer $536.84; from another $387.25; from another $200.40; from another $230.75; from another $804.32; and from another $675.623. What is the total amount due from these six customers?

7. A farmer paid $2867.50 for a farm. He expended $238.60 for fencing it; $860.12 for a house upon it; and $216.30 for other improvements. What was the farm then worth?

8. Bought a horse for $180.65; a buggy for $212.35; a harness for $30.75, and a saddle for $18.60. Find the total cost of the outfit.

9. The annual expenses of a business are, for rent $2000; clerk hire $3250; fuel and light $875.30; advertising $1632.04; insurance $400; repairs $142.80; incidentals $126.34. Find the total expenses of the business for the year.

10. A bought a hat for $4.621; a pair of shoes for $33; an umbrella for $13; a pair of gloves for $.62 and a cane for $3. What was the entire cost of his purchases?

11. A student expended for tuition $86.50; for board $138.45; for clothes $46.32; for church and charity $11.48. What amount did he expend in all?

12. A lady bought groceries to the amount of $5.80; meats $3.48; dry goods $26.42; carpets $148.35; millinery $23.621. What was the total amount of her expenditures?

13. The expenses of a household for one month are: groceries $36.40; meats $18.60; coal $11.30; kindling $2.65; milk $9.80; gas $3.75; servant $4.50; incidentals $13.65. What are the total expenses?

SUBTRACTION

134. 1. From 123 dollars 75 cents take 84 dollars 42 cents.

SOLUTION

$123.75
84.42
$39.33

To Subtract United States Money

a. Write the subtrahend under the minuend, dollars under dollars and cents under cents.

b. Subtract as in simple numbers and place the point in the remainder directly under the point above.

2. From 246 dollars 5 cents take 134 dollars 17 cents.

3. From 100 dollars 1 mill subtract 16 dollars 25 cents 2 mills.

4. From 1000 dollars take 1 cent 1 mill.

5. John Davis owes 1000 dollars 25 cents 4 mills; if he pay 832 dollars 16 cents 7 mills, how much will he still owe?

6. A man bought a farm for $3625.14 and sold it for $4201.70. What did he gain by the operation?

7. Having $6287.35 deposited in a bank I drew out at one time $2436.14 and at another time $900.15. How much had I remaining in the bank?

8. A boy earned $79.15. He spent $18.40 for clothes, and $9.85 for books. How much had he left?

9. A merchant in one week sold $1160 worth of goods, and paid of that sum $170 for rent, $86 for light, $140 for clerk hire. How much had he left?

10. A gentleman paid for a lot $1650, and for a house $2000 more than the lot cost him. He then sold both house and lot for $4627.35. What did he gain or lose by the transaction?

11. A grocer sold to á customer, coffee amounting to $13; tea $23; sugar $.62; rice $.33; crackers $1; cheese $.90; barrel of salt $1.35. He received in payment a ten-dollar bill. How much change should he return to the customer?

MULTIPLICATION

135. 1. If one yard of cloth cost $3.625 what will 15 yards cost?

SOLUTION

$3.625

15

18125

3625

$54.375

To Multiply United States Money

a. Multiply as in simple numbers and point off the product as in multiplication of decimals.

2. If one barrel of flour cost $6.75 what will 27 barrels cost? 3. At $34.25 apiece what must be paid for 17 cows?

4. A speculator bought a farm of 160 acres at $45.25 per acre. What did the farm cost?

5. A merchant sold the following bill of goods: 9 pounds of tea at 56 cents a pound; 6 pounds of butter at 35 cents a pound; 8 pounds of coffee at 31 cents a pound; 7 gallons of molasses at 75 cents a gallon. What did the whole amount to?

6. A farmer sold 125 bushels of wheat at 87 cents per bushel; 243 bushels of oats at 37 cents per bushel; 584 bushels of corn at $3 per bushel and 48 bushels of clover seed at $1.65 per bushel. He received in payment a note for $200; and the balance in money. How much money did he receive?

7. Joseph Brown bought a fruit farm consisting of 35 acres for $6340. He sold 21 acres of it for $5216.87 and the balance at $215.35 per acre. What did he gain?

8. A merchant bought 325 barrels of flour at $6.75 per barrel. He sold 210 barrels at $7.121 per barrel and the remainder at $6.62 per barrel. How much did he gain or lose in the operation?