Teachers' Manual for Teachers Using Arithmetic By Grades

Cover Teachers' Manual for Teachers Using Arithmetic By Grades
Teachers' Manual for Teachers Using Arithmetic By Grades
John T John Tilden Prince
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.68 433.28 • fw, less ^ 72.21 $361.07 16 mo.
232.56 1 mo.
14.54 20 da.
9.69 3 da.
1.45 2 da.
.97 259.21 M 43.20 1216.01 160 OBADED ARITHMETIC. [VH, 31 The above method is a slight modification of what is called the six per cent method By this method the interest of $1 for the given time at 6% is multiplied by the number of dollars in the principal, and if the rate is other than 6%, the interest found is increased or diminished as required. The interest of $1 for 1 yr. at 6% is $M ; for 2 mo., ^
...^.01 ; for 1 mo., $.005 ; for 6 da., $.001 ; and for 1 da., J of a mill. In general, the interest of $1 is found by taking six times as many cents as there are years, one- half as many cents as there are months, and one-sixth as many mills as there are days. By a little practice one is able to give the interest of $1 at 6% for any time very quickly, and if the 6% method is pursued it will be good practice for pupils to do this.
31 Answers: 1 $213.33. 2 $111.88. 3 $61.26. 4 $20.35.
5 $29.89. 6 $66.72.


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