The National Arithmetic on the Inductive System: Combining the Analytic and Synthetic Methods : Forming a Complete Course of Higher ArithmeticRobert S. Davis & Company, 1863 - 444 σελίδες |
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Σελίδα 290
... discount on a note for $ 1000 having 63 days to run , discounted at a bank at 6 per cent . ? How much are the proceeds ? Ans . Discount , $ 10.50 ; proceeds , $ 989.50 . OPERATION . $ 10 0 0.0 0 1 0.0 0 = int . for 3d . .50 Sum ...
... discount on a note for $ 1000 having 63 days to run , discounted at a bank at 6 per cent . ? How much are the proceeds ? Ans . Discount , $ 10.50 ; proceeds , $ 989.50 . OPERATION . $ 10 0 0.0 0 1 0.0 0 = int . for 3d . .50 Sum ...
Σελίδα 291
... discount , provided it was discounted May 16 , 1856 , the rate being 7 per cent . 50 $ 890 % . Chicago , April 16 , 1856 . One hundred and twenty days after date , I promise to pay to the order of Keen and Lee eight hundred and ninety ...
... discount , provided it was discounted May 16 , 1856 , the rate being 7 per cent . 50 $ 890 % . Chicago , April 16 , 1856 . One hundred and twenty days after date , I promise to pay to the order of Keen and Lee eight hundred and ninety ...
Σελίδα 292
... discounted at 7 per cent . bank discount , will produce $ 680 ? Ans . $ 692.52 . 3. What must be the face of a note , which , when discounted at a bank for 120 days , shall give as its proceeds $ 540.50 ? Ans . $ 551.81 . 4. For what ...
... discounted at 7 per cent . bank discount , will produce $ 680 ? Ans . $ 692.52 . 3. What must be the face of a note , which , when discounted at a bank for 120 days , shall give as its proceeds $ 540.50 ? Ans . $ 551.81 . 4. For what ...
Σελίδα 293
... discount must a note , payable in 60 days , be discounted , to produce 6 per cent . interest ? OPERATION . .06 1.0105 = .051822 . = Ans . 518 per cent . Since bank discount is reckoned on an amount which equals the pro- ceeds plus the ...
... discount must a note , payable in 60 days , be discounted , to produce 6 per cent . interest ? OPERATION . .06 1.0105 = .051822 . = Ans . 518 per cent . Since bank discount is reckoned on an amount which equals the pro- ceeds plus the ...
Σελίδα 294
... . A 45 day note discounted at 15 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 15 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 .
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12 per cent acres amount annexed annuity Arithmetic avoirdupois barrels becomes due bill bought bushels carats cask ciphers circumference column common denominator common fraction composite number compound interest compound numbers contain continued fraction cost cube root diameter difference discount dividend division dollars duodecimal equal exactly divide EXAMPLES expressed decimally feet long figures gain gallons given number grains greatest common divisor Hence hogshead hundred improper fraction inches last term least common multiple longitude lowest terms measure meters miles minuend mixed number months multiplicand Multiply NOTE number denoting number of days number of terms obtain paid payable payment pounds premium present worth prime factors prime number principal quantity quotient rate per cent ratio received Reduce remainder repetend rods RULE SECOND OPERATION shillings side simple numbers sold square root subtract subtrahend tens third thousand tons weight whole number write yards