Items related to The principles of arithmetic and their application...
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. 1883 Excerpt: ...from £100 stock, or from its value, £92 sterling. Brokers are employed in the purchase and sale of Stocks, and charge so much per cent. upon the stock transferred. The following examples show the various methods of solving questions in Stocks. Ex. 1. What should be paid for £3725 three per cents., at 9lj? Ans. £3413, 0s. 7Jd. sterling. Here, £100: £91 i:: £3725: £3413. 0s. 7Jd. sterling. in my income to reinvest the proceeds in the three per cents., at 92, brokerage-J per cent.? Ans. £89-04 loss. is. Invested £5760 in the four per cents., at 94J, and sold out so as to gain £288; at what price was it sold? Ans. £99-225 p. c. 14. When the four per cents. are at 105, bank stock at 230, and India stock at 275; which is the best investment? Ans. India stock, which yields 3T9T p. c. I5. A person has £5840 in the three per cents.; how much must he invest in the four per cents., at 101-f, to produce an income of £419, 2s., brokerage-J p. c.? Ans. £6188-9625. 16. If £8606-25 be invested in the 3J per cents., at 101J, and sold out at 102J; what difference will it make in my income to invest the proceeds in the four per cents., at 106J? Ans. £51-75 gain. 17. How much bank stock, at 230, must be sold out to pay a debt of £1641-625, brokerage p. c.? Ans. £713-75 stock. 18. How much a-year might have been purchased in the long annuities, for £1000, the price being at 17f years' purchase? Ans. £57, llTy5s. EQUATION OF PAYMENTS Is the method of finding the time when several debts, due at different times, may be equitably paid at once. Rule. Multiply each debt by the time which must elapse before it is due; then divide the sum of the products by the sum of the debts for ...
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