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" Hence, to find the interest for any number of days, Multiply the principal by the number of days, divide the product by 6, and... "
Arithmetic: Designed for Academies and Schools, Uniting the Inductive ... - Σελίδα 251
των Charles Davies - 1847 - 360 σελίδες
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The Crittenden Commercial Arithmetic and Business Manual ...

John Groesbeck - 1891 - 426 σελίδες
...Multiply the principal by the number of months, and the product will be the interest, in pence. For Days. — Multiply the principal by the number of days, divide the product by 73, and point off two decimals : the quotient will be the interest, in the denomination of the principal....

Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - 1892 - 428 σελίδες
...months and days, and the product divided by 60, the result will be the interest in cents. That is, Multiply the principal by the number of days, divide the product by 60, and point off two decimal places in the quotient. The result will be the interest in the same denomination...

Business Bookkeeping and Practice ...

Warren H. Sadler, Harry Marc Rowe - 1894 - 220 σελίδες
...opposite side of the accounts in which they occur. TO CALCULATE INTEREST FOR DAYS AT 6*. RULE. — Multiply the principal by the number of days, divide the product by 6 and point off three figures ; if there are cents in the principal, point off five figures. Example. —...

New Franklin Arithmetic, Βιβλίο 2

Edwin Pliny Seaver - 1895 - 408 σελίδες
...left. Ans. $ 1.68. 402. From these examples we derive the following Rule. To find the interest, at 6%, for any number of days : Multiply the principal by the number of days, divide by 6, and move the decimal point three places to the left. NOTE. — If the number of days happens...

The Business Man's Encyclopedia: A Hip-pocket Business Counsellor ...

1905 - 168 σελίδες
...CALCULATING INTEREST. WHERE THE TIME IS FOR DAYS ONLY. Rule. — To find the interest on any given sum for any number of days, multiply the principal by the number of days, then point off two places and divide as follows: At 6 per cent divide by 72 At 6 per cent divide by...

The Business Guide: Or, Safe Methods of Business

James Lawrence Nichols - 1907 - 456 σελίδες
...CALCULATING INTEREST. Where the Time Is for Days Only. „ Sule.—To find the interest on any given tum for any number of days, multiply the* principal by the number of days, then point off two places and divide as follows : At 5 per cent, divide by 72 At 6 per cent, divide...

Scientific American Reference Book

Albert Allis Hopkins - 1913 - 628 σελίδες
...Calculating Interest Where the Time IB for Days Only Rule. — To find the interest on any given sum for any number of days multiply the principal by the number of day*, and divide as follows. At 5%. divide by 72: at 6%, divide by 60; at 7%, divide by 62; at 8%,...

The Stone-Millis Arithmetics

John Charles Stone, James Franklin Millis - 1914 - 360 σελίδες
...Interest. 2. A study of the solution will show that : To find the interest of any principal at 6 % for any number of days, multiply the principal by the number of days, point off three more decimal places and divide by 6. r 3. Find the interest of $940 at 6 % for 65 days....

Higher Arithmetic

John Charles Stone, James Franklin Millis - 1917 - 352 σελίδες
...$32.96> 100 6 60 From the above solution it is evident that : To find the interest on any principal at 6% for any number of days, multiply the principal by the number of days, point off three more decimal places, and divide by 6. This is called the Bankers' Method. Find the...

Teaching of Arithmetic

John Charles Stone - 1918 - 282 σελίδες
...we see the work to be done may be expressed as follows : To find the interest of any principal at 6% for any number of days, multiply the principal by the number of days, point off three more decimal places, and divide by six. Illustration. Find the interest of $850 $850...




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