Bryant and Stratton's Commercial Arithmetic: In Two Parts : Designed for the Counting Room, Commercial and Agricultural Colleges, Normal and High Schools, Academies, and Universities
Oakley and Mason, 1865 - Bookkeeping - 332 pages
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Bryant and Stratton's Commercial Arithmetic in Two Parts
Emerson Elbridge White
No preview available - 2019
Common terms and phrases
allowed amount annual interest annuity average balance bank becomes bill bonds bought bushels called capital cash cent close coin Collection common compound interest computed contain cost count currency debt decimal denominator discount Divide dividend dollar draw equal equated Examples exchange expressed feet figures fraction gain give given gold hand Hence increase interest invested July June less loss maturity Measure months Multiply paid payable payment person places pound premium present principal profit purchase quotient ratio received Reduce remaining result root RULE selling share side silver simple interest sold square TABLE tens third United weight whole worth yard York
Page 139 - The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due.
Page 37 - An improper fraction is one whose numerator is equal to, or greater than its denominator ; as, $, -f . A mixed number is a whole number and a fraction expressed together; as, 4f, 25-ht.
Page 203 - No corporation shall hereafter, interpose the defense of usury in any action. The term corporation, as used in this section, shall be construed to include all associations, and joint-stock companies having any of the powers and privileges of corporations not possessed by individuals or partnerships.
Page 62 - 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.
Page 205 - Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit.
Page 204 - ... 8 months ; what is the equated time for the payment of the whole ? Ans.
Page 139 - If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be Computed on the balance, as aforesaid.
Page 277 - The altitude of a cone is the perpendicular distance from the vertex to the base.
Page 62 - 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 265 - Divide the difference of the extremes by the common difference, and the quotient increased by 1 is the number of terms.