## Daboll's Schoolmaster's Assistant: Improved and Enlarged : Being a Plain and Practical System of Arithmetick Adapted to the United States |

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Page 108

Simple Interest is the sum paid by the borrower to the lender for the use of money

lent; and is generally at a certain rate per cent. per

United States is fixed by law at 6 percent. per

Simple Interest is the sum paid by the borrower to the lender for the use of money

lent; and is generally at a certain rate per cent. per

**annum**, which in several of theUnited States is fixed by law at 6 percent. per

**annum**; that is, 6l. for the use of ... Page 111

... and Enlarged : Being a Plain and Practical System of Arithmetick Adapted to

the United States Nathan Daboll. six-to-Lo. INTER-Es- 111 Ex-M1-Los. 1. What is

the interest of 75l. Ss. 4d. for 5 years and 2 months, at 6l. per cent. per

... and Enlarged : Being a Plain and Practical System of Arithmetick Adapted to

the United States Nathan Daboll. six-to-Lo. INTER-Es- 111 Ex-M1-Los. 1. What is

the interest of 75l. Ss. 4d. for 5 years and 2 months, at 6l. per cent. per

**annum**? £. Page 112

What is the interest of 2571. 5s. 1d. for 1 year and 3 quarters, at 4 per cent. 1 Ans.

E18 0s. 1d. 34ps. 14. What is the interest of 279 dollars 87 cents for 2 years and a

half, at 7 per cent per

What is the interest of 2571. 5s. 1d. for 1 year and 3 quarters, at 4 per cent. 1 Ans.

E18 0s. 1d. 34ps. 14. What is the interest of 279 dollars 87 cents for 2 years and a

half, at 7 per cent per

**annum**Ans. $48, 97cts. 7am. 15. What will 2791. 13s. Page 115

Required the interest of 941. 7s 6d. for one year, five months and a half, at 6 per

cent. per

one third of a month, at 6 per cent.” Ans. 5,161. II. FOR FEDERAL MONEY. Rule-

1.

Required the interest of 941. 7s 6d. for one year, five months and a half, at 6 per

cent. per

**annum**? Ans. ES 5s. 1d. 3,5prs. 4. What is the interest of 121, 18s. forone third of a month, at 6 per cent.” Ans. 5,161. II. FOR FEDERAL MONEY. Rule-

1.

Page 120

New-London, April 4, 1797. On demand, I promise to pay Timothy Careful, sixty-

two pounds, ten shillings, and interest at 6 percent. per

received. John Stawny, PETER PAY WELL. Richand Testis. Endorsements. £. s.

1st.

New-London, April 4, 1797. On demand, I promise to pay Timothy Careful, sixty-

two pounds, ten shillings, and interest at 6 percent. per

**annum**, till paid; valuereceived. John Stawny, PETER PAY WELL. Richand Testis. Endorsements. £. s.

1st.

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