A New Method of Computing Interest From Four Per Centum to Twelve Per Centum: Short and Easy Method (Classic Reprint) - Rilegato

Beatty, Henry

 
9780265878941: A New Method of Computing Interest From Four Per Centum to Twelve Per Centum: Short and Easy Method (Classic Reprint)

Sinossi

Excerpt from A New Method of Computing Interest From Four Per Centum to Twelve Per Centum: Short and Easy Method

In the following table, (page the interest is counted on one dollar at the different rates per cent. For 360 days, (allowing 30 days for each month,) also for months and years separately. The unit or zero line is to the left of the threeright hand figures. All on the left of that line are cents and dollars, and all on the right are tenths, hu'ndredths, thousandths, etc.

We have obtained this table by the following rule: Write the number of months, annex one-third of the days, and divide by twelve, or the same result is obtained by dividing the enfz're num ber of days, including 1719 monflzs, by thirty-six. Then multiply the quotient by the given rate per cent., and the result will be the interest on one dollar for the given time.

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