Let the foregoing example be solved by this Rule. A note for 1000 dols.,dated Jan. 4, 1797, at 6 per cent. 1st payment February 19, 1798. $200 2d payment June 29, 1799. 500 3d payment November 14, 1799. 260 How much remains due on said note the 24th of De. cember, 1800 ? 8 cts. Principal, January 4, 1797, 1000,00 Interest to Feb. 19, 1798, (13) mo.) 67,50 Amount, 1067,50 Paid February 19, 1798, 200,00 Remainder for a new principal, 867,50 Interest to June 29, 1799, (16} mo.) 70,84 Amount, 938,34 Paid June 29, 1799, 500,00 Remains for a new principal, 438,34 Interest to November 14, 1799, (4} mo.). 9,86 Amount, 448,20 November 14, 1799, paid 260,00 Remains a new principal, 188,20 12,70 200.90 Balance due on said note, Dec. 24, 1800, S cts. By Rule II. 200,990 Difference, 0,411 Another Example in Rule II. A bond or note, dated February 1, 1800, was given for 500 dollars, interest at 6 per cent, and there were payments endorsed upon it as follows, viz. 8 cts. 1st payment May 1, 1800, 40,00 2d payment November 14, 1800, 8,00 3d payment April 1, 1801. 12,00 4th payment May 1, 1801. 80,00 How niuch remains due on said note the 16th of September, 1801? 8 cts. Principal dated February 1, 1800, 500,00 Interest to May 1, 1800, (s no.) 7,50 Amount, 507,50 Paid May 1, 1800, a sum exceeding the interest, 40,00 New principal, May 1, 1800, 467,50 Interest to May 1, 1801, (1 year.) 28,05 Amount, 493,55 Paid Nov. 4, 1800, a sum less than the interest then due, 8,00 Paid April 1, 1801, do. do. 12,00 Paid May 1, 1801, a sum greater, 30,00 50,00 New principal May 1, 1901, 445,55 Interest to Sept. 16, 1801, (44 mno.) 10,02 Balance duc on the note, Sept. 16, 1801, $453,57 The payments being applied accorring to this Rule, keep down the interest, and no part of the interest erer forins a part of the principal carrying interest. cent. given, COMPOUND INTEREST BY DECIMALS. RUI.E. MULTIPLY the given principal continually by the amount of one pound, or one dollar, for one year, at the rate per until the number of multiplications are equal to the given number of years, and the produce will be the amount requiredi. Or, In Table I. Appendix, find the amount of one do!lar, or one pound, for the years, which multiply by the given principal, and it will give tłre ainourt as before. given number of EXAMPLES. 1. What will 4001. amount to in 4 years, at 6 per cent. per annum, compound interest ? 400X1,06 X 1,06 x 1,06 1,06=$504,99+ or (£504 19s. 9d. 2,75grs.+ Ans. Whole amount=£504,98800 2. Required the amount of 425 dols. 75 cts. for 3 years, at 6 per cent. compound interest. Ars. $507,7}cts. + 3. What is the compound interest of 555 dols. for 14 years, at 5 per cent. ? By Table I. Ans. $543,86cts. to 4. What will 50 dollars amount to in 20 years, at 6 per cent, compound interest ? Ans. $160 35cts. 64m. INVOLUTION. Is the multiplying any number with itself, and that product by the former multiplier; and so on; and the several products which arise are called powers. T.e number denoting the height of the power, is called the index, or exponent of that power. EXAMPLES power of 8 8 the root or 1st power. 8 64 = 2d power, or squarc. 512 = 3d power, or cabe 8 4096 = 4th power, or biquadrate. 8 32768 = 5th power, or sursolid. Ans. What is the square of 17,1 ? Ans. 292,41 Ans, 20736 EVOLUTION, OR EXTRACTION OF ROOTS. WHEN the root of any power is required, the business of finding it is called the Extraction of the Root. The root is that number, which by a continual multiplication into itself, produces the given power. Although there is no number but what will produce a perfect power by involution, yet there are many numbers of which precise roots can never be deterinined. But, by the help of decimals, we can approximate towards the root to any assigned degree of exactness. The roots which approximate, are called surd roots, and those which are perfectly accurate are called rational roots. A Table of the Squares and Cubes of the nine digits. Roots. | 1 | 2 | 31.41 5| 61 71 81 91 Squares. 1|4| 9 | 16 | 25 | 36 49 | 64 | 81 Cubes. 8 | 27 | 64 | 125 | 216 | 343 | 512 | 729! EXTRACTION OF THE SQUARE ROOT. Any number multiplied into itself produces a square. To extract the square ront, is only to find a number, which being multiplied into itself, shall produce the given number. RULE. 1. Distinguish the given number into periods of two figures each, by putting a point over the place of units, another over the place of hundreds, and so on ; and if there are decimals, point them in the same manner, from units towards the right hand; which points show the number of figures the root will consist of. 2. Find the greatest square number in the first, or left hand period, place the root of it at the right hand of the given nunber, (after the manuer of a quotient in division) for the first figure of the root, and the square number under the period, and subtract it therefrom, and to the remainder bring down the next period for a dividend. 3. Place the double of the root, already found, on the left hand of the dividend for a divisor. 4. Place such a figure at the right hand of the divisor, and also the same figure in the root, as when multiplied into the whole (increased divisor) the product shall be equal to, or the next less than the dividend, and it will be the second figure in the root. 5. Subtract the product from the dividend, and to the remainder join the next period for a new dividend. 6. Double the figures already found in the root, for a new divisor, and from these find the next figure in the root as last directed, and continue the operation in the same manner, till you have brougiat down all the periods. Or, to facilitate the foregoing Rule, when you have brought down a period, and formed a dividend, in order to find a new figure in the root, you inay divide said dividend, (omitting the right hand figure thereof,) by double the root already found, and the quotient will commonly be the figures sought, or being made iess one or two, will generally give the next figure in the quotient. EXAMPLES 1. Required the square root of 141225,64. 141225,64(375,8 the root exactly without a remainder; 9 but when the periods belonging to any given number are exhausted, and still 67)512 leave a reinainder, the operation may 469 be continued at pleasure, by-annexing periods of cyphers, &c. 745)4525 3725 7508) 60064 60064 .O remains. |