# The Packard Commercial Arithmetic

S.S. Packard, 1882 - Business mathematics - 312 pages
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### Contents

 PROPERTIES OF NUMBERS 1 REVIEW EXAMPLES 11 REVIEW EXAMPLES 32 REVIEW EXAMPLES 46 THE METRIC SYSTEM 77 FOREIGN WEIGHTS AND MEASURES 88 REVIEW EXAMPLES 90 DISCOUNTS 100
 RATIO AND PROPORTION 163 EXCHANGE 174 EQUATION OF ACCOUNTS 187 ACCOUNTS CURRENT 207 STOCKS AND BONDS 216 TAXES 235 PARTNERSHIP 249 NATIONAL BANKS 264

 COMMISSION AND BROKERAGE 110 INTEREST 117 PROBLEMS IN INTEREST 129 ANNUAL INTEREST 137 COMMERCIAL PAPER 143 BANK DISCOUNT 149
 LIFE INSURANCE 273 GENERAL AVERAGE 280 DETECTION OF ERRORS IN TRIAL BALANCES 290 APPENDIX 296 Copyright

### Popular passages

Page 30 - Reduce the fractions to a common denominator and divide the numerator of the dividend by the numerator of the divisor.
Page 159 - Compute the interest to the time of the first payment ; if that be one year or more from the time the interest commenced, add it to the principal, and deduct the payment from the sum total. If there be after payments made, compute the interest on the balance due to the next payment, and then deduct the payment as above; and in like manner from one payment to another, till all the payments are absorbed; provided the time between one payment and another be one year or more.
Page 51 - LENGTH 12 inches (in.) = 1 foot (ft.) 3 feet = 1 yard (yd.) 5| yards = 1 rod (rd.) 320 rods = 1 mile (mi.) 1 mile = 1,760 yd.
Page 63 - And on and after the first day of January, Anno Domini eighteen hundred and seventy-nine, the Secretary of the Treasury shall redeem in coin the United States legal-tender notes then outstanding, on their presentation for redemption at the office of the Assistant Treasurer of the United States in the city of New York in sums of not less than fifty dollars.
Page 4 - The Greatest Common Divisor of two or more numbers is the greatest number that will exactly divide each of them. Thu4, 18 is the greatest, common divisor of 36 and 54, since it is the greatest number that will divide each of them without a remainder.
Page 63 - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 62 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 265 - SEC. 3. That every association organized, or to be organized under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the Treasury of the United States, in lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation...
Page 44 - To multiply a decimal by 10, 100, 1000, &c., remove the decimal point as many places to the right as there are ciphers in the multiplier ; and if there be not places enough in the number, annex ciphers.
Page 45 - When a decimal number is to be divided by 10, 100, 1000, &c., remove the decimal point as many places to the left as there are ciphers in the divisor, and if there be not figures enough in the number, prefix ciphers.