Items related to A concise system of commercial arithmetic, adapted...
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1838 Excerpt: ...May 2d....£150 June 1st.... 175 X 30= 5350 Aug. 2d.... 262,10x92=24150 587. 10 588)29400 50 days from 2d May or 21st June. 2. Bought goods payable at the following dates:--£89 due 1st March, £72 on 10th May, £45 on 4th July, and £54 on the 10th August. When is the medium for settling the whole? March 1st....£89 at this date. May 10th.... 72X70 da. = 5040 July 4th 45X125 = 5625 Aug. 16th.... 54X168 =9072 "260 260)19737(76 days after 1st March, === or 16th May. Ans. EXAMPLES. 1. On what day are the following Sums due at an average, viz. £50 due 11th January, £30 due 28th do., £80 due 3d February, £90 due 13th do., and.£40 due 28th March? 2. £95 is due as follows:--£25 in 6 months, £30 in 7 months, and £40 in 10 months. At what time ought the whole to be paid at once? 3. Purchased goods on the following terms:--One-third in Cash, one-third in 6 months, and the remainder in 9 months. Required the average credit? 4. Sold a lot of goods on the 4th May, and the buyer was to pay one-fourth of the amount every 3 months. At what date should I take his note for the whole? 5. A debt of.£400 is to be paid as follows:--One-fourth at 8 months, one-fourth at 12 months, and the balance in 15 months. Required the time for paying the whole at once? 6. A person owes,£1000 one-fourth of it due at Lady-day, onefourth at Midsummer, one-fourth at Michaelmas, and the balance at Christmas. At what time does it fall due at an average? 7. An agent sells goods to his employer payable at the following dates:--£52, 10 due 7th January, £67,9 due 29th do., £36.18 due 12th February, £29» 12 due 1st March, and.£43.7 due 31st do. Required the average time of payment? QUERIES...
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