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" Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. "
The North American Arithmetic: Part Third, for Advanced Scholars - Page 114
by Frederick Emerson - 1834 - 328 pages
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Arithmetic Modernised: Or, A Complete System of Arithmetic, Adapted to ...

John Davidson, Robert Scott (writing master) - Arithmetic - 1818 - 190 pages
...either party, men in business use the following RULE. Multiply each debt by the time it has to run, then divide the sum of the products by the sum of the debts, the quotient is the time at which all the money ought to be paid, nearly. EXAMPLE. A. owes to B. £25 payable 1st...
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A Practical Treatise on Arithmetic: Wherein Every Principle Taught is ...

George Leonard - 1841 - 356 pages
...either debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Practical Treatise on Arithmetic, [etc.].

George Leonard - Arithmetic - 1841 - 354 pages
...either debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Practical Treatise on Arithmetic ...: Combining the Useful Properties of ...

George Leonard (jr.) - Arithmetic - 1841 - 350 pages
...either debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Treatise of Arithmetic: Designed for the Use of the Elementary Schools ...

Arithmetic - 1843 - 142 pages
...may be paid at once. RULE. Multiply each debt by the time which must elapse before it is due ; then divide the sum of the products by the sum of the debts for the equated time nearly. 1. A owes me £150 in 40 days, £70 in 60 days, £200 in 105 days ; at...
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Practical System of Book-keeping by Double & Single Entry

Benjamin Wood Foster - 1845 - 166 pages
...several debts, due at different periods of time. RULE. Multiply each amount by the time in which it is payable, and divide the sum of the products by the...the debts ; the quotient will be the equated time of payment EXAMPLES. 1. Bought of Silas Pierce & Co. аз follows, at 4 months' credit. When is the...
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The North American Arithemetic: Part third for advanced scholars

Frederick Emerson - Arithmetic - 1847 - 300 pages
...1 month; and the interest of 1 dollar for 4 months, is the same as the interest of 4 dollars for 1 month: 2 dollars, 3 dollars, and 4 dollars, added...sums be paid at once, without loss to either of us ? _ 2. A owes B 200 dollars, 40 dollars of which is to be paid in 3 months, 60 dollars in 5 months,...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 pages
...Multiply each debt by the number of days, months, or years, between its date and the time it becomes due, and divide the sum of the products by the sum of the debts; the quotient will be the average or mean time for the payment of the sum of 'all the debts. 1. William owes 20 cents to be paid...
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The Rational Arithmetic: In which the Science is Fully Developed, the Art ...

James S. Russell - Arithmetic - 1847 - 340 pages
...or days, as is most convenient, between the time of the calculation) and the maturity of the debt, and divide the sum of the products by the sum of the debts; the quotient will show the number of years, months, or days, to elapse before the single payment of all the debts. But...
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Text-book of arithmetic, for the use of teachers

John Hunter (of Uxbridge.) - 1847 - 266 pages
...terms, as follows:— Multiply the given debts by their respective times, expressed in one denomination, and divide the sum of the products by the sum of the debts. The two last Exercises will, to those who are acquainted with algebra, afford opportunity of comparing...
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