Advanced Arithmetic
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In our eReader you can find the full English version of the book. Read Advanced Arithmetic Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Advanced Arithmetic
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In this case the payment simply cancels the interest, and the balance due remains the same as the original principal.
(2) The payment msiy be greater than the interest due. In this case the balance due is diminished by the amount the payment exceeds the interest due.
(3) The payment may be less than the interest due. In this case if^the unpaid balance of the interest were added, the principal would be increased, and the debtor would be paying more interest than if he had made no payment at all.... Therefore, when the payment is less than the interest due, no change is made at that time in the principal ; but the interest is reckoned to the date when the sum of the payments does exceed the interest due, and then the sum of these payments is subtracted.
273. The following metliod of solving problems in partial payments, called The Merchants' Rule, is used 184 INTEREST among many business men when the note runs for one year or less : Ex. Sept. 1, 1904, a merchant takes a note for $827. 50 from a customer in payment for some goods.
What to read after Advanced Arithmetic?
You can find similar books in the "Read Also" column, or choose other free books by Elmer a Elmer Adelbert Lyman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In this case the payment simply cancels the interest, and the balance due remains the same as the original principal.
(2) The payment msiy be greater than the interest due. In this case the balance due is diminished by the amount the payment exceeds the interest due.
(3) The payment may be less than the interest due. In this case if^the unpaid balance of the interest were added, the principal would be increased, and the debtor would be paying more interest than if he had made no payment at all.... Therefore, when the payment is less than the interest due, no change is made at that time in the principal ; but the interest is reckoned to the date when the sum of the payments does exceed the interest due, and then the sum of these payments is subtracted.
273. The following metliod of solving problems in partial payments, called The Merchants' Rule, is used 184 INTEREST among many business men when the note runs for one year or less : Ex. Sept. 1, 1904, a merchant takes a note for $827. 50 from a customer in payment for some goods.
What to read after Advanced Arithmetic?
You can find similar books in the "Read Also" column, or choose other free books by Elmer a Elmer Adelbert Lyman to read onlineMoreLess
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