Daboll's Schoolmaster's Assistant: Improved and Enlarged, Being a Plain Practical System of Arithmetic, Adapted to the United States |
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Page 120
1 INTEREST is of two kinds ; Simple and Compound SIMPLE INTEREST 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 the ...
1 INTEREST is of two kinds ; Simple and Compound SIMPLE INTEREST 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 the ...
Page 123
4d . for 5 years and 2 months , at 61. per cent . per annum ? L. s . d . 4:52 13 0 20 10/50 12 f . s . a . 62no.4 10 6 Interest for 1 year . 5 4 mo . 1 mo . 10 days , # 22 12 6 do . for 5 years . 0 15 1 do . for 2 months .
4d . for 5 years and 2 months , at 61. per cent . per annum ? L. s . d . 4:52 13 0 20 10/50 12 f . s . a . 62no.4 10 6 Interest for 1 year . 5 4 mo . 1 mo . 10 days , # 22 12 6 do . for 5 years . 0 15 1 do . for 2 months .
Page 124
What is the interest of 279 dollars , 87 cents for 2 years and a half , at 7 per cent . per annum ? Ans . $ 48 , 97cts . 74m . 15. What will 2791. 13s . 8d . amount to in 3 years and a half at 54 per cent . per annum ? Ans . £ 331 1s .
What is the interest of 279 dollars , 87 cents for 2 years and a half , at 7 per cent . per annum ? Ans . $ 48 , 97cts . 74m . 15. What will 2791. 13s . 8d . amount to in 3 years and a half at 54 per cent . per annum ? Ans . £ 331 1s .
Page 127
6d . for one year , five months and a half , at 6 per cent . per annum . Ans . £ 8 5s . 1d . 3,5grs . 4. What is the interest of 12l . 18s . for one third of a month , at 6 per cent . F Ans . 5,16d . II . FOR FEDERAL MONEY . RULE . 1.
6d . for one year , five months and a half , at 6 per cent . per annum . Ans . £ 8 5s . 1d . 3,5grs . 4. What is the interest of 12l . 18s . for one third of a month , at 6 per cent . F Ans . 5,16d . II . FOR FEDERAL MONEY . RULE . 1.
Page 132
On demand I promise to pay Timothy Careful , sixtytwo pounds , ten shillings , and interest at 6 per cent . per annum , till paid ; value received . PETER PAY WELL . JOHN STANBY , RICHARD TESTIS . Indorsements . 1st .
On demand I promise to pay Timothy Careful , sixtytwo pounds , ten shillings , and interest at 6 per cent . per annum , till paid ; value received . PETER PAY WELL . JOHN STANBY , RICHARD TESTIS . Indorsements . 1st .
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