Arithmetic, By J.W.a. Young And Lambert L. Jackson, book 3
Arithmetic, By J.W.a. Young And Lambert L. Jackson, book 3
Jacob William Albert Young
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DATE OF DEPOSIT. DATE OF PAYMENT. 2. $125 Sept. 5, 1904 July 5, 1905 3- 50 Sept. 16, 1904 Oct. 16, 1905 4- 200 Jan. 2, 1905 May 2, 1905 5- 175 July 5, 1905 Sept. 16, 1905 Digitized by VjOOQIC 82 BANKING— CERTIFICATES OF DEPOSIT Face. The amount for which the certificate is drawn is called its /ace. If the deposit is made for a definite time, the interest is some- times computed in advance, and included in the face of the certifi- cate. The certificate then bears no further interest. Written. I.... Mr. Walker deposited $150 in the Second National Bank of St. Louis for 4 months, with interest at the rate of 2i^% per annum. What was the face of his certificate, drawn to include the interest? Compute the faces of the following certificates of deposit, inclvding interest : Face, Amount Deporited. Time. Bat* of Tnterett. 2. $225 6 mo. H 3. 120 8 3i 4. 450 3 2i 5. 670 2 n 6. 1,500 2 ^; 7. 2,500 3 %\ 8. 2,750 10 4 Q. Write a demand certificate of deposit with face $225, bearing 2% interest, and payable to yourself.
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