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

Beatty, Henry

Hardcover

ISBN 10: 0265878942 ISBN 13: 9780265878941

Publisher: Forgotten Books, 2018

Synopsis

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.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0265878942
• ISBN 13: 9780265878941
• Binding: Hardcover
• Number of pages: 28