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| If an amuity of 701. be forbore 5 years, what will be due for the principal and interest at the end of said term, simple interest being computed at 5 per cent. per annum ?

Yr. £. Ist. Interest of 701. at 5 per cent. for 1-3 10

2-7 0 3-10 10

1-14 0 2d. And 5 yrs. annuity, at 701. jei yr. is 350 0

Ans. £335 0 2. A house being let upon a lease of 7 years, at 400 dollars per annum, and the rent being in arrear for the whole term, I demand the sum due at the end of the term, simple interest being alloved at 6l. per cent. per annum?

Ans. £3304.

To find the present worth of un annuity at simple

interest. RULE. Find the present worth of each yeur by itself, discounting from the time it falls due, and the sun of all these present worths will be the present worth required.

EXAMPLES. 1. What is the present worth of 400 dols. per annum, to continue 4 years, at 6 per cent. per annum? 106

377,35849 Pres. worth of 1st yr. 112

357,14285 : 100 :: 400 : 118

338,98305 = 124


2d yr. 3d yr. 1tb yr.

Ans. $1396,0650,3 = $13:1;, Octs. 5m. 2. How much present money i; equivalent to an annuity of 100 dollars, to continue 3 years; rebate being made at 6 per cent. ?

Ins. $268, 37 cts. 3. What is 801. yearly rent, to continue 5 years, worht in ready money, a.t 61. per cent.

Ans. £340, 5$ (d.


EQUATION OF PAYMENTS, IS finding the equated time to pay at once, several debts Que at different periods of time, so that no loss shall bei sustained by either party.

RULE.—Multiply cach payment by its time, and divide the sunit: the several products by the whole debt, and the quotient will be the equated time for the payment of the whole.


1. A owes B 380 dollars, to be paid as follows-viz. 100 dollars in 6 months, 120 dollars in 7 months, and 160 dol. Jars in 10 months: What is the equated time for the pay. ment of the whole debt ?

100 X 6

600 120 X 7 840 160 x 10 1600


)3040(8 months. Ans. , 2. A merchant bath owing him 3001. to be paid as fol lows : 501. at 2 months, 1001. at 5 months, and the rest č.p. 8 months; and it is agreed to make one p:iyment of the whole: I demand the equated time? Ans. 6 months.

3. F owes HI 1000 dollars, whereof'200 dollars is to be paid present, 400 dollars at 5 months, and the rest at 1.34 months, but they agree to make one payment of the whole; I demand when that time must be ? Ans. 8 months. :)

4. A merchant has due to him a certain sum of money, to be paid one sixth at 2 months, one third at 3 months, and the rest at 6 months ; what is the equated time for the payment of the whole ?

Ans. 4 months. }}}

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BARTER, IS the exchanging of one commodity for another, and directs merchants and traders how to make the exchange. without loss to either party.

0 Rule. Find the value of the commodity whose quantity is given !! then find what quantity of the other at the proposed rate can be boright for thic same money, and it gives the answer.


1. What quantity of flax at 9 cts. per lb. must be given ią barter for 12 lb. of indigo, at 2 dols. 19 cents per lb. ?

12 lb. of indigo at 2 dols. 19 cts. per lb. comes to 26 dols. 28 cts.—therefore, As 9 cts. : 1 lb. : : 20,28 cts. : 292 the answer.

2.Q. How much wheat at I dol. 25 cts. bushel, must be given in barter for 50 bushels of rye, at 70 cts. a bushel ?

Ans. 23 bushels. 3. How much rice at 28s. per cwt. must be bartered for 31 cwt. of raisins, at 5d.


Ib. ?

Ans. 5 cwt. 3 qrs. 9!!?lb. 4. How much tea at 4s. 9d. per lb. must be given in barter for 78 gallons of brandy, at 12s. 3.1d. per gallon ?

Ans. 201 lb. 13} oz. 5. A and B bartered : A l'id 8 cwt. of sugar at 12 cts. per lb. for which 3 gave him 13 cwt. of flour; what wils ihe flour rated aper Ib.

Ans. 5} cts. 6. B delivered 3 hhds. of brandy, at 6s. 8d. per gallon, 1o C, for 126 yds. of clotlı, what was the cloth per yard?

Ans. 10s. 7. D gives E 250 yards of drugget, at 30 cts. per yd. 1or 319 lbs. of pepper; what does the pepper stand hin in

Ans: 23 cts. 515m. 8. A and B bartered : A bad 41 cwt. of ricc, at 21s. per cwt. for which В gave him 201. in money, and the rest in sugar at 8d.


Ib. ; I demand how much sugar B gave A besides the 201. ?

Ans. 6 cwt. O qrs. 19.16. 9. Two farmers bartered: A had 120 bushels of wheat at 1} dols. per bushel, for which В gave him 100 buslicis of barley, worth 65 cts. per bushel, and the balance in oats at 40 cts. per bushel; what quantity of oats did A receive from B?

Ans. 287bushels. 10. A hath linen cloth worth 20d. en ell ready money ; but in barter he will have 2s. B hath vrcadcloth worth 14s. 6u. per yard ready money ; at what price ought B to rate his broadcloth in barter, so as to be equivalent to A's bartering price?

Ans. 17s. 411. 3oqrs.

per lb. ?

11. Å and B brter: I hath 14.5 gallons of brandy : I dol. 20 cts. per gallon ready money, but in barter he will have 1 dol. 35 cts. per gallon: Bhas linen at 58 ces per yard ready money ; how must B sell his linen yard in proportion to A's bartering price, and how many yards are equal to A's brandy?

Ans. Barter price of B's linen is 65 cts. 2!m. and he must give A 300 yds. for his brandy.

12. A has 225 yds. of shalloon, at 2s. ready money per yard, which he barters with B at 2s. 5d. per yard, taking indigo at 12s. 6d. per lb. which is worth but 103. hom much indigo will pay for the shalloon; and who gets the best bargain?

Ans. 43;lb. at barter price will pay for the shalloon, and B has the advantage in barter. Value of A's cloth, at cash price, is

£22 10 Value of 43 lb. of indigo, at 10s. per IL. 21 13


B gets the best bargain by £O

LOSS AND GAIN, IS a rule by which merchants and traders discover their profit or loss in buying and selling their goods : it also in structs them how to rise or fall in the price of their goodsia so as to gain or lose so much per cent. or otherwise.

Questions in this rule are answered by the Rule of Threc.

1. Bought a piece of cloth containing 85 yards, for 191 dols. 25 cts. and sold the same at 2 dols. Si cts. per yard ; what is the profit upon the whole piece?

Ans. 9-17, 60 ct.. 2. Bonght 12 cwt. of rice, at 3 dois. 45. cts. a ewt. and, sold it again at 4 cts. a pound; what was the whole gain 1

Ans. $12, 87 cts, 5m... 3. Bought 11 cwt. of sugar, at (dl. per Ib, hit could no! soil it again for any more than 21. 16s. per cwt.; did I gain or lose by my bargain ? Ans. Lost, 12 lis. 41.

4. Bought 44 lb. of tea for 67. 12s. and sold it again for 21. 10s. 6.1.; what was i!ie profit on e:ch pound?

drs. Illud

J. Boug'il a bhd. of molasses containing 119 gallons, at 52 cents per gallon; paid for carting the same 1 dollar ents, and by accident 9 gallous leaked out ; at what

must I sell the remainder per gallon, to gain 13 dollars in tlie whole?

Ans. 69 cts. 2 m. +

II. To know what is gained or lost per cent. Rule.-First see what the gain or loss is hy subtraction; then, As the price it cost : is to the gain or loss : : so is 1001. or $100, to the gain or loss per cent.

EXAMPLES. 1. If I buy Irish linen at 2s. per yard, and sell it again a 25. 8d. per yard; what do I gain per cent. or in laying out 1001. : As : 2s. 8d. : : 100l. : £33 6s. 8d. Ans.

2. If I buy broadcloth at 3 dols. 44 cts. per yard, and sell it again at 4 dols. 30 cts. per yard : what do I gain per ct. ui in laying out 100 dollars?

$ cts. Sold for 4, 30

$ cts. cts. Cost :3, 44

As 3 44 : 86 : : 100 : 25

Ans. 25 per cent. Gained per.yd. 86

3. If I buy a cwt. of cotton for 34 dcls. 86 cts. and sell it again at 414 cts. per Ib. what do I gain or lose, and what

$* cts. 1 cwt. at 41į cts. per lb. comes to 46,48

Prime cost 34,86

per cent. ?

Gained in the gross, $11,61 As 34,86 : 11,62 : : 100 : 33° Ans. 33 per cent. 4. Bought sugar at 8 d. per lb. and sold it again at 41. 178. per cwt. wliat did I gain per cent. ?

Ans. £25 19s. 5 d. 5. If I buy 12 blads, of wine for 2041. and sell the same again at 141. 175. 6d. per hhd. do I gain or lose, and what

Ans. I lose 12 per cent. 6. At 14d. profit in a shilling, how much per cent. ?

Ans. £12 10s.

per cent. ?

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