 INTEREST is money paid for the us* of borrowed money. The money borrowed is called the Principal. The sum of the principal and interest is called the Amount. 2. In many of the United States interest is computed at 6 per cent., and this will be the per...  Intellectual Arithmetic - Page 143by James Stewart Eaton - 1877Full view - About this book
 | Mathematics - 1801 - 446 pages
...payment 2048!. SIMPLE INTEREST, INTEREST is the premium, allowed for the loan of money. The sum lent is called the principal. The sum of the principal and interest is called the amount. Interest is allowed at so much per cent, per annum, which premium per cent, per annum, or interest... | |
 | James Thomson (LL.D.) - Arithmetic - 1837 - 296 pages
...by a person for tbe use of money which he owes, is called the INTEREST of that money. The money due is called the PRINCIPAL. The sum of the principal and interest is called the AMOUNT. The RATE is the money allowed for die use of one hundred pounds for any given time, but usually for... | |
 | John Fair Stoddard - Mental arithmetic - 1849 - 176 pages
...10 months and 12 days to the fraction of a year. LESSON II. The sum on which the interest is paid, is called the Principal. The sum of the principal and interest is called the Amount. By 6 percent is meant, 6 cents on 100 cents, $6 on $100, or 6 on 100 whatever be the denomination.... | |
 | James Stewart Eaton - Arithmetic - 1864 - 188 pages
...paper, gold being taken as the standard ? LESSON II. REMAKKS. 1. INTEREST is money paid for the use of borrowed money. The money borrowed is called the...interest, thirty' days are usually considered a month, and 12 months a year. Ex. 1. The interest of $1 for a year being 6 cents, what is the interest of $1 for... | |
 | John Groesbeck - Arithmetic - 1867 - 226 pages
...Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 55. Legal Interest is the rate established by law. Usury is interest greater than the legal rate, and... | |
 | James Stewart Eaton - Arithmetic - 1868 - 190 pages
...standard ? At what per cent, of discount is paper, gold being taken as the standard ? LESSON II. REMARKS. 1. INTEREST is money paid for the usť of borrowed...many of the United States interest is computed at G per cent., and this will be the per cent, understood in this book if no other is mentioned. 3. In... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 115. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
 | James Stewart Eaton - Arithmetic - 1871 - 188 pages
...discount is paper, gold being taken as the standard ? LESSON II. REMARKS. !.• INTEREST is money paidybr the us* of borrowed money. The money borrowed is called...interest, thirty days are usually considered a month, and 12 months a year. Ex. 1. The interest of $1 for a year being 6 cents, torhat is the interest of $1... | |
 | John Groesbeck - Business mathematics - 1871 - 370 pages
...Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amo'unt. 145. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
 | John Groesbeck - 1872 - 374 pages
...Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 145. Legal Interest is the rate established by law. Usury is interest greater than the legal rate,... | |
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