| Benjamin Greenleaf - Arithmetic - 1861 - 324 pages
...payment of the whole. Hence the following RULE. — Multiply each payment by its own time of credit. and **divide the sum of the products by the sum of the payments.** NOTE 1. — This is the rule usually adopted by merchants, but it is not perfectly correct ; for if... | |
| James Stewart Eaton - 1862
...debts, A might ECLE 1. Multiply each debt by the number expressing the time to elapse before it becomes **due, then divide the sum of the products by the sum of the** debts, and the quotient is the average term of credit. Add Hie average term of credit to the date of... | |
| Robert Johnston (F.R.G.S.) - 1863
...party. RULE. — 1°. Multiply each debt by the time which should elapse before it will become due. 2°. **Then divide the sum of the products by the sum of the** debts. Various Departments. Ex. 1. Find by any rule with which you are acquainted the sum which, paid... | |
| Edward Brooks - Arithmetic - 1863 - 337 pages
...of jJ-3 of 1500 months, which is 3J months. Hence RULE. — Multiply each payment ly its time, and **divide the sum of the products by the sum of the payments,** the quotient will lie, the average term of credit. 2. A owes B §6000, J due in 3mo., | in 4mo., and... | |
| Charles Davies - Arithmetic - 1863 - 336 pages
..." " J_X 12 = 12. $6 $48 6 6)48. Rule. Multiply each payment by the time before it becomes due, and **divide the sum of the products by the sum of the payments:** the quotient will be the mean time. Examples. 2. A owes B $600 ; one-third is to be paid in 6 months... | |
| George Augustus Walton - Arithmetic - 1864 - 348 pages
...Hence RULE II. Multiply each payment by the number of days o* months to elapse before it becomes due ; **divide the sum of the products by the sum of the payments, and** add the quotient to the date. NOTE. — The examples in this book are performed by the Interest method.... | |
| James Stewart Eaton - Arithmetic - 1864 - 312 pages
...time. Hence, RULE 1. Multiply each debt by the number expressing the time to elapse before it becomes **due, then divide the sum of the products by the sum of the** dells, and the quotient is the average term of credit. Add the average term of credit to the date of... | |
| John Hunter (of Uxbridge.) - 1866
...founded on mercantile discount, and is as follows : — RULE. — Multiply each payment by its time, and **divide the sum of the products by the sum of the payments** ; observing to use all the times, as well as the payments, in a uniform denomination. Ex. (1) I owe... | |
| Whitman Peck - Arithmetic - 1868 - 293 pages
...51 " =$25500 " $1200 X— " =)$75100 Ans. 63 days. RULE. — Multiply each payment by its time, and **divide the sum of the products by the sum of the payments.** This rule is according to bank discount. If the date is required, reckon the equated time from the... | |
| Encyclopedias and dictionaries - 1868
...The rule generally given is as follows: Multiply each sum due by the time at which it is payable, and **then divide the sum of the products by the sum of the** debts : the quotient is the equated time. For example, if £10 be due at one month, and £20 at two... | |
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