A New System of Mercantile Arithmetic Adapted to the Commerce of the United St

Cover A New System of Mercantile Arithmetic Adapted to the Commerce of the United St
A New System of Mercantile Arithmetic Adapted to the Commerce of the United St
Michael Walsh
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' Multiply the principal by the rate per cent, and divide the product by 100, and the quotient is the' answer for one year.
Examples.
I. What is the interest of ^, 496 for one year at 6 per cent* ?' 496 d 29|76 20 lo|20 i>|40 4 1|60 Ans. 29/. 15s. ^d: 2. What is the interest of £. 383 15 9 for 2 years', at Sj per cent. ?
383 15 9: 3070- 6 191 17 lOf 32|62 3 lOi.
ao 12|43 b\$6 4 sn.
125.
5^.
for ono 1|06 yea?;-' S{ I 2 Ans. 66 4 lO-Jfor 2 ye^rv- 3 02 SIMPLE INTEREST.
3. What will ^. 826 13 9 amo
...unt to in 1 year at 5 per cent. ?
3zi:. /y)826 ]3 9 principal. 41 6 8i interest.
Ans.

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