The National Arithmetic on the Inductive System: Combining the Analytic and Synthetic Methods : Forming a Complete Course of Higher ArithmeticRobert S. Davis & Company, 1878 - 450 σελίδες |
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Σελίδα 293
... discount must a note , payable in 60 days , be discounted , to produce 6 per cent . interest ? Ans . 518 per cent . OPERATION . .06 1.0105 = .051825 . = 202 Since bank discount is reckoned on an amount which equals the pro- ceeds plus ...
... discount must a note , payable in 60 days , be discounted , to produce 6 per cent . interest ? Ans . 518 per cent . OPERATION . .06 1.0105 = .051825 . = 202 Since bank discount is reckoned on an amount which equals the pro- ceeds plus ...
Σελίδα 294
... . A 45 day note discounted at 12 per cent . a month , with- out grace , yielded a bank discount of $ 36.40 . What was the face of the note ? Ans . $ 1617.773 . 13. At what rate per cent . of bank discount 294 MISCELLANEOUS EXAMPLES .
... . A 45 day note discounted at 12 per cent . a month , with- out grace , yielded a bank discount of $ 36.40 . What was the face of the note ? Ans . $ 1617.773 . 13. At what rate per cent . of bank discount 294 MISCELLANEOUS EXAMPLES .
Σελίδα 295
... discount should a 30 day note be discounted , that interest may be received at the rate of 12 per cent . ? Ans . 11337 . 14. How much more can a bank make in 693 days with $ 50000 by discounting notes on 60 days ' time , than by dis ...
... discount should a 30 day note be discounted , that interest may be received at the rate of 12 per cent . ? Ans . 11337 . 14. How much more can a bank make in 693 days with $ 50000 by discounting notes on 60 days ' time , than by dis ...
Σελίδα 296
... discount , expressed decimally , and the product will be the value re- quired . - NOTE . The difference between the par and market value gives the per cent . of premium or discount . EXAMPLES . 2. What is the value of $ 24360 of stock ...
... discount , expressed decimally , and the product will be the value re- quired . - NOTE . The difference between the par and market value gives the per cent . of premium or discount . EXAMPLES . 2. What is the value of $ 24360 of stock ...
Σελίδα 306
... discount . 3. How much greater income may be realized yearly from $ 19200 invested in 7 per cent . stocks purchased at 96 per cent . , than from the same amount in 5 per cent . stocks pur- chased at 80 per cent . ? 4. The par value of ...
... discount . 3. How much greater income may be realized yearly from $ 19200 invested in 7 per cent . stocks purchased at 96 per cent . , than from the same amount in 5 per cent . stocks pur- chased at 80 per cent . ? 4. The par value of ...
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12 per cent acres amount annexed annuity Arithmetic arithmetical series balance barrels becomes due bill bought bushels carats ciphers column common difference common fraction compound interest compound numbers contain continued fraction cords cost cube root cubic diameter Divide dividend division dollars equal EXAMPLES exchange expressed decimally figures gain gallons given number given rate grain greatest common divisor Hence hogshead hundred inches indorser last term least common multiple less longitude lowest terms miles minuend mixed number months multiplicand Multiply NOTE number denoting number of days number of terms obtain paid par value payable payment pound sterling pounds premium present worth prime factors principal proportion quantity quotient rate per cent ratio received Reduce remainder repetend RULE SECOND OPERATION shillings side sold square root subtract tens third thousand tons trial divisor true divisor weight whole numbers wine write yards