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" Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit. "
The Youth's Assistant in Theoretic and Practical Arithmetic: Designed for ... - Page 82
by Zadock Thompson - 1838 - 164 pages
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New Complete Arithmetic on the Inductive Method: With Parallel Mental and ...

James William Nicholson - Arithmetic - 1885 - 326 pages
...13 da. from and after Aug. 10, which is Oct. 23. RULE. — 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. This added to the date from which the credits...
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Complete Arithmetic: Elements and Commercial. New Series

Christian Brothers - Business mathematics - 1888
...of ^ of 3560 months, which is 4J| months. RULE. — I. Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit. II. Add the average term of credit to the...
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Numbers Applied, a Complete Arithmetic, Part 1

Andrew Jackson Rickoff - Arithmetic - 1886
...times, by the Method of Products. 339. Rule.— Multiply each item of the debt by ita term of credit, and divide the sum of the products by the sum of the items ; the quotient will be the average term of credit. Note*. — 1. In computing terms of credit,...
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Robinson's Progressive Practical Arithmetic: Containing the Theory of ...

Horatio Nelson Robinson - 1888
...of 6 months on $30, because 30 x 6 = 180 x 1. RULE. I. Multiply each payment by its term of credit, and divide the sum of the products by the sum of the pay~ vients ; the quotient will be the average term of credit. Average term of credit. Equated time....
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The Commercial Arithmetic: A Practical Text-book for Business Colleges, High ...

Warren H. Sadler - 1888
...should be 5 months after the date of purchase. Rule. — I. Multiply each item by its term of credit, and divide the sum of the products by the sum of the items to find the average term of credit. II. Add the average term of credit to the date of purchase...
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Numbers Applied

Andrew Jackson Rickoff - 1888
...times, by the Method of Products. 339.. Rule.— Multiply each item of the debt by its term of credit, And divide the sum of the products by the sum of the items ; the quotient will be the average term of credit. Notes. — 1. In computing terms of credit,...
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Advanced Arithmetic for Secondary Schools: A Comprehensive Treatise on the ...

John Homer French - Arithmetic - 1889 - 474 pages
...credit: — PBODUCT METHOD. — Multiply each term of credit by the number expressing the payment, and divide the sum of the products by the sum of the payments. Or, IMTEKEST METHOD. — Find the interest of each debt for its term of credit, and divide...
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Complete Arithmetic: Combining Oral and Written Exercises

Edward Sylvester Ellis - Arithmetic - 1889 - 352 pages
...time, when the terms of credit begin on the same date, — Multiply each debt by its term of credit and divide the sum of the products by the sum of the payments. NOTE. — Whenever cents appear in the debts, they should be rejected if less than 50 and...
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Elements of Precise Surveying and Geodesy

Mansfield Merriman - Geodesy - 1903 - 261 pages
...method of computing it is frequently expressed by the rule: Multiply each observation by its weight and divide the sum of the products by the sum of the weights. Prob. 4. Prove the principle (4) directly from the law of probability of error given by (2),...
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Essentials of Business Arithmetic: For Use in Schools and Colleges

Warren H. Sadler, William Russell Will - Business mathematics - 1890 - 303 pages
...should be 5 months after the date of purchase. RULE. — I. Multiply each item by Us term of credit,, and divide the sum of the products by the sum of the items to find the average term of credit. II. Add the average term of credit to the date of purchase...
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