Practical and Mental Arithmetic, on a New Plan, in which Mental Arithmetic is Combined with the Use of the Slate: Containing a Complete System for All Practical Purposes ...

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R.L.Underhill & Company, 1814

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Page 30 - ... then compute the interest on the principal sum due on the obligation for ONE YEAR, add it to the principal, and compute the interest on the sum paid from the time it was paid up to the end of the year; add it to the sum paid, and deduct that sum from the principal and interest added as above.
Page 29 - Compute the interest to the time of the first payment ; if that be one year or more from the time the interest commenced, add it to the principal, and deduct the payment from the sum total. If there be...
Page 29 - But if any payments be made before one year's interest hath accrued, then compute the interest on the principal sum due on the obligation, for one year, add it to the principal, and compute the interest on the sum paid, from the time it was paid, up to the end of the...
Page 21 - Multiply the second and third terms together, and divide their product by the first term ; the quotient will be the fourth term, or answer, in the same denomination with the third term.
Page 29 - COMPUTE the interest on the principal sum, from the time when the interest commenced to the first time when a payment was made, which exceeds either alone or in conjunction with the preceding payments (if any) the interest at that time due: add that interest to the principal, and from the sum subtract the payment made at that time, together with the preceding payments (if any) and the remainder forms a new principal ; on which, compute and subtract the interest, as upon the first principal: and proceed...

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