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" Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. "
The Principles of Arithmetic and Their Application to Business Explained in ... - Page 111
by Alexander Ingram - 1883
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Arithmetic Modernised: Or, A Complete System of Arithmetic, Adapted to ...

John Davidson, Robert Scott (writing master) - Arithmetic - 1818 - 190 pages
...either party, men in business use the following RULE. Multiply each debt by the time it has to run, then divide the sum of the products by the sum of the debts, the quotient is the time at which all the money ought to be paid, nearly. EXAMPLE. A. owes to B. £25...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - Arithmetic - 1834 - 300 pages
...of them by the sum of the debts. RULE. Multiply each debt by the time, in which it is payable, and divide the sum of the products by the sum of the debts: the quotient will be the equated time. 1. If I owe you 50 dollars payable in 4 months, 75 dollars payable...
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The North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - Arithmetic - 1839 - 300 pages
...oi them by the sum of the debts. RULE. Multiply each debt by the time, in which it is payable, and divide the sum of the products by the sum of the debts: the quotient will be the equated time. 1. If I owe you 50 dollars payable in 4 months, 75 dollars payable...
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A Practical Treatise on Arithmetic ...: Combining the Useful Properties of ...

George Leonard (jr.) - Arithmetic - 1841 - 352 pages
...debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Practical Treatise on Arithmetic: Wherein Every Principle Taught is ...

George Leonard - 1841 - 356 pages
...debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Practical Treatise on Arithmetic, [etc.].

George Leonard - Arithmetic - 1841 - 356 pages
...debtor or creditor, merchants usually Multiply each debt by the time to elapse before it is due, and divide the sum of the products by the sum of the debts. Though this method is inaccurate it is easy, and experiment shows it may be employed without much error,...
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A Treatise of Arithmetic: Designed for the Use of the Elementary Schools ...

Arithmetic - 1843 - 142 pages
...offer made ? EQUATION OF PAYMENTS Is to find the time when several debts due at different times may be paid at once. RULE. Multiply each debt by the time...the sum of the debts for the equated time nearly. 1. A owes me £150 in 40 days, £70 in 60 days, £200 in 105 days ; at what time should he pay the...
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Practical System of Book-keeping by Double & Single Entry

Benjamin Wood Foster - 1845 - 166 pages
...due at different periods of time. RULE. Multiply each amount by the time in which it is payable, and divide the sum of the products by the sum of the debts ; the quotient will be the equated time of payment EXAMPLES. 1. Bought of Silas Pierce & Co. аз follows,...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 pages
...each debt by the number of days, months, or years, between its date and the time it becomes due, and divide the sum of the products by the sum of the debts; the quotient will be the average or mean time for the payment of the sum of 'all the debts. 1. William...
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The Rational Arithmetic: In which the Science is Fully Developed, the Art ...

James S. Russell - Arithmetic - 1847 - 340 pages
...days, as is most convenient, between the time of the calculation) and the maturity of the debt, and divide the sum of the products by the sum of the debts; the quotient will show the number of years, months, or days, to elapse before the single payment of...
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