| Horatio Nelson Robinson - Arithmetic - 1859 - 336 pages
...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 payments** ; the quotient will be the average term of credit. II. Add the average term of credit to the date at... | |
| Chambers W. and R., ltd - 1859
...or quality ; add all the products together into one sum, and all the quantities into another sum ; **then divide the sum of the products by the sum of the** quantities — and the quotient will be the required rate or quality of the composition. Example. —... | |
| BEJAMIN GREENLEAF - 1860
...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... | |
| Horatio Nelson Robinson - Arithmetic - 1860 - 456 pages
...because 45 X 00 = 270 X 1. Hence the following 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 date at... | |
| Benjamin Greenleaf - Arithmetic - 1860 - 444 pages
...days, nearly, from May 1, or on June 13. 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. — When the date of the average time of payment is required, as in Example 2, Jind the time... | |
| Robert Johnston (F.R.G.S.) - 1860
...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. Ex. 1. One person owes another £50, payable in 6 months ; £60, payable in 8m. ; and £90,... | |
| Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 332 pages
...months=8 months, the equated time. RULE. — Multiply each payment or debt by its time of credit, and **divide the sum of the PRODUCTS by the sum of the PAYMENTS.** Note. — 1. By the term discount, as used above, is meant mercantile discount or simple interest.... | |
| Education - 1861
...point. The rule for Equation of Payments is, " multiply each payment by its own time of credit, and **divide the sum of the products by the sum of the payments,"** — another case in point. I have put down some of the more prominent faults in the books, frankly... | |
| Daniel Adams - Arithmetic - 1861 - 280 pages
...To find the mean time of several, payments, — RULE. Multiply each sum by its tune of payment, and **divide the sum of the products by the sum of the payments** ; the quotient will be the equated tune. EXAMPLES. 2. A Western merchant owes in New York city $200,... | |
| Charles Davies - Arithmetic - 1861 - 336 pages
...the average time of payment : 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 average time. Examples. 1. A merchant ows $1200, of which $200 is to be paid... | |
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