(2) In what time will 5083rs. 13a. amount to 7930rs. 12a. at 8 per cent per annum? Answer 778087

years.

(3) In what time will 3023 rs. 13a. 2p. amount to 5200rs. 15a. 8p. at 9 per cent per annum? An

(4) In what time will 12500 rupees amount to 20000 rupees at 12 per cent per annum? Answer 5

years.

(5) In what time will 6024crs. 157. 5p. amount to 1 lack rupees at 11 per cent per annum? Anfwer 6 1272259 years

FAC

FACTORS ALLOWANCES.

COMMONLY CALLED

COMMISSION OR PROVISION,

HICH are allowances from merchants to

WHICH

their agents or factors beyond the feas, in the buying, or felling, of any forts of goods, and is a certain rate per cent according to the cuftom of the country, where the factor refides.

RULE.

Calculate the commiflion, as in Cafe ift of Simple Intereft for 1 year.

(1) My factor fends me word that he has bought goods to the value of 110grs 8a. 4p. upon my account; I demand what his commiffion comes to at 31 per cent?

(2) Negotiated bills on account of A. C. to the amount of 1400 rupees, what is my commiflion at 1 per cent? Answer 24rs, Ea.

(3) My correfpondent has difburfed on my account the fum of 100grs. 8a. what muft he demand for his commiffion, when I allow him 2 per cent? Answer 22rs. 11a. 5,52p.

(4) Suppofe I allow my correfpondent 13 per cent for provifion, what may he demand on the difburfement of 704rs. 15a. 4p.? Answer 12rs. 5a. 4,60p. (5) Suppofe I difburfe on account of my correfpondent at Madras the fum of 800grs. 8a. 6p. at 2 per cent, what will my bill amount to? Anfwer 8209rs.

12a. 3P.

BROK

BROKAGE.

ROKAGE is an allowance to perfons called Brokers at a certain rate per cent for finding customers, and felling to them the goods of other men, whether natives or ftrangers.

RULE.

Divide the given fum by 100, and take parts from the quotient with the rate per cent; but if the brokage fhould exceed 1 per cent the operation will be the fame as in Cafe 1ft of Simple Intereft for 1 year.

(1) What is the brokage of 7cors. 14a. 6p. at 12a. per cent?

(2) What may a broker demand for brokage, when he fells goods to the value of 5oors. 10a. 7p. and I allow him 142. per cent.? Anfwer 4rs. 6a. (3) Suppose I employ a broker, who fells goods to the value of 90grs. 14a. 10p. what is the brokage at 1 per cent ? Anfwer 13rs. 10a. 4p.

(4) I have fold goods for my correfpondent to the amount of 1408rs, 12a. 6p. who allows me 8a. per cent; what is the amount of my brokage? Anfwer 7rs. oa. 8p.

(5) What is the amount of my bill in difburfing of 1250 rupees at 10a. per cent? Answer 1257rs. 134.

I

INSURANCE

S paid by one merchant to another, or to a company for enfuring his fhips, goods, &c. that is engaging to make good the value infured, if the fame be loft or damaged.

RULE.

Calculate the infurance, as in Cafe ift of Simple Interest for 1 year.

(1) Infured 4720rs. 13a. on the ship Sea Horfe, for the prefent voyage to Madras, infurance at 14 per cent, what does it amount to?