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" Multiply the principal by the number of days, divide the product by 73, and point off two decimals: the quotient will be the interest, in the denomination of the principal. "
Mental arithmetic; or, A concise system of commercial arithmetic - Page 69
by James Strachan (F.E.I.S.) - 1852 - 92 pages
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1836 - 274 pages
...by 12, snd the quotient •frill be the interest for one month ; then multiply one month's interest by the number of months, and the product will be the interest for the number of months required. ,< 29. What ia the interest of 196 dollars for 3 months, at 7 percent? .....
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Arithmetic, Practically Applied ...

Horace Mann - 1851 - 384 pages
...by the number of years, and the product will be the interest in shillings. 2. Multiply the principal by the number of months, and the product will be the interest in pence. 3. Multiply the principal by the number of days, and divide the product by 30; the quotient...
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Arithmetic, Practically Applied, for Advanced Pupils, and for Private ...

Horace Mann, Pliny Earle Chase, Phiny Earie Chase - Arithmetic - 1857 - 394 pages
...by the number of years, and the product will be the interest in shillings. 2. Multiply the principal by the number of months, and the product will be the interest in pence. 3 . Multiply the principal by the number of days, and divide the product by 30; the quotient...
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Arithmetic, Practically Applied, for Advanced Pupils, and for Private ...

Horace Mann, Pliny Earle Chase - Arithmetic - 1857 - 388 pages
...by the number of years, and the product will be the interest in shillings. 2. Multiply the principal by the number of months, and the product will be the interest in pence. 3. Multiply the principal by the number of days, and divide the product by 30 ; the quotient...
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The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - Arithmetic - 1867 - 226 pages
...of years, and the product will be the interest, in shillings. FOR MONTHS — Multiply the principal by the number of months, and the product will be the interest, in pence. FOR DAYS — Multiply the principal by the number of days, divide the product by 73, and...
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The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - Arithmetic - 1868 - 350 pages
...number of years, and the product will be the interest, in shillings. FOR MONTHS—Multiply the principal by the number of months, and the product will be the interest, in pence. FOR DAYS—Multiply the principal by the number of days, divide the product by 73, and point...
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The Crittendon Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - Business mathematics - 1871 - 370 pages
...of years, and the product will be the interest, in shillings. FOR MONTHS — Multiply the principal by the number of months, and the product will be the interest, in pence. Foa DAYS — Multiply the principal by the number of days, divide the product by 73, and...
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Crittenden Commercial Arithmetic ...

John Groesbeck - 1872 - 374 pages
...of years, and the product will be the interest, in shillings. FOR MONTHS — Multiply the principal by the number of months, and the product will be the interest, in pence. FOR DAYS — Multiply the principal by the number of days, divide the product by 73, and...
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Business Arithmetic

John Edward King - Business mathematics - 1891 - 254 pages
...sum will be months and the decimal of a month. III. Multiply the interest for 1 month, thus obtained, by the number of months, and the product will be the interest for the given time at 6%. The interest at any rate per cent, for 1 month equals so many twelfth! of each 1...
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The Crittenden Commercial Arithmetic and Business Manual ...

John Groesbeck - 1891 - 426 pages
...of years, and the product wiU be the interest, in shillings. For Months. — Multiply the principal by the number of months, and the product will be the interest, in pence. For Days. — Multiply the principal by the number of days, divide the product by 73, and...
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