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" DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, in the given time, amount to the debt. When the interest is at 6 per cent.,... "
The American Intellectual Arithmetic: Designed for the Use of Schools and ... - Page 157
by John Fair Stoddard - 1849 - 164 pages
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 282 pages
...after deducting the discount, is called the present worth, or such a sum as, if put to interest, would, in the given time, and at the given rate per cent, amount to the sum or debt then due. This rule is only an application of the Rule of Three Direct, as may be seen...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...given sum, and the remainder will be the present worth, or such a sum as if put to interest would, in the given time, and at the given rate per cent., amount to the sum or debt then due. Or, to find the present worth of any given sum, you may state it thug : as the...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1836 - 228 pages
...given sum, and the remainder will be the present worth, or such a sum as if put to interest would, in the given time, and at the given rate per cent., amount to the sum or debt then due. Or, to find the present worth of any given sum, you may state it thus : as the...
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A New System of Arithmetic: In which is Explained and Applied to Practical ...

Calvin Tracy - Arithmetic - 1840 - 326 pages
...months, discounting at 8 per cent, per annum? Ans. $23.188.+ Q.UESTIONS. — What is discount 1 What is the present worth of any sum of money, payable at some future time, without interest 1 Is discount a deduction of a given per cent, from a hundred cents, or a hundred dollars7 Why7 What...
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A New System of Arithmetic: In which is Explained and Applied to Practical ...

Calvin Tracy - Arithmetic - 1840 - 316 pages
...discounting at 8 per cent. per annum? Ans. $23.188.+ Q.UESTIONS. — What is discount 1 What is Ihe present worth of any sum of money, payable at some future time, without interest 7 Is discount a deduction of a given per cent. from a hundred cents, or a hundred dollars7 Why 7 What...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - Arithmetic - 1841 - 274 pages
...DISCOUNT. 68. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt, payable at some future time, without interest, is such a sum of money as will, in the given time, amount to the debt. When the interest is at 6 per cent., the amount...
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Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - Arithmetic - 1841 - 268 pages
...deducting the discount, is called the present worth, or such a sum as, if put to interest, would, ia the given time, and at the given rate per cent, amount to the sum or debt then due. This rule is only an application of the Rule of Three Direct, as may be seen...
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An Elementary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1846 - 266 pages
...DISCOUNT. 1O5. DISCOUNT is an allowance made for the payment tf money before it is due. The present worth of a debt, payable at some future time, without interest, is such a sum of money as will, in the given time, amount to the debt. When the interest is at 6 per cent., the amount...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 356 pages
...DISCOUNT. 66. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, in the given time, -amount to the debt. When the interest is at 6 per cent., the...
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 346 pages
...DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, if put at interest for the given time, amount to the debt. When the interest is at...
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