 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...9600 months=8 months, the equated time. RULE. — Multiply each payment or debt by its time of credit, and divide the sum of the PRODUCTS by the sum of the PAYMENTS. Note. — 1. By the term discount, as used above, is meant mercantile discount or simple interest.... | |
 | Charles Davies - Arithmetic - 1863 - 346 pages
...= 24. " $1 " 12 " = int. of $12 " " J_X 12 = 12. $6 $48 6 6)48. Rule. Multiply each payment by the time before it becomes due, and divide the sum of...payments: the quotient will be the mean time. Examples. 2. A owes B $600 ; one-third is to be paid in 6 months from August 1st ; one-fourth in 8 months, and... | |
 | Edward Brooks - Arithmetic - 1863 - 350 pages
...credit of jJ-3 of 1500 months, which is 3J months. Hence RULE. — Multiply each payment ly its time, and divide the sum of the products by the sum of the payments, the quotient will lie, the average term of credit. 2. A owes B §6000, J due in 3mo., | in 4mo., and the remainder in... | |
 | George Augustus Walton - Arithmetic - 1864 - 364 pages
...Hence RULE II. Multiply each payment by the number of days o* months to elapse before it becomes due ; divide the sum of the products by the sum of the payments, and add the quotient to the date. NOTE. — The examples in this book are performed by the Interest... | |
 | Charles Davies - Arithmetic - 1865 - 468 pages
...is, in 8 months : hence, to find the average time of payment : Rule. — Multiply each payment by the time before it becomes due, and divide the sum of...products by the sum of the payments: the quotient wiU be the average time. Examples. /"(^ 1. A merchant owes $1200, of which $200 is to be paid in 4... | |
 | Charles Davies - Arithmetic - 1865 - 372 pages
...Hucts) by $6, (the sum of the payments.) Hence, to find the mean time, Multiply each payment by the time before it becomes due, and divide the sum of the products by the sum of the pay mentis : the quotient will be the mean time. EXAMPLES. 1. Bowes A $600; &200 is to be... | |
 | Charles Davies - Arithmetic - 1866 - 356 pages
...$12 " " J_x 12 = 12.' $6 $48 6 6)48. Rule. Multiply each payment by the lime before it becomes dut and divide the sum of the products by the sum of the...payments: the quotient will be the mean time. Examples. 1. A merchant owes $600, to be paid in 12 months from January 1st ; $800, to be paid in 6 months, and... | |
 | John Hunter (of Uxbridge.) - 1866 - 266 pages
...founded on mercantile discount, and is as follows : — RULE. — Multiply each payment by its time, and divide the sum of the products by the sum of the payments ; observing to use all the times, as well as the payments, in a uniform denomination. Ex. (1) I owe... | |
 | Charles Davies - Arithmetic - 1867 - 354 pages
...by the time before it becomes due, and divide the sum of the products by the sum of the pay mentis : the quotient will be the mean time. EXAMPLES. 1. B owes A $600 ; $200 is to be paid in two mjuths, $200 in four months, and $200 in six months : what is the mean time for the payment of the... | |
 | John Fair Stoddard - Arithmetic - 1868 - 428 pages
...time is July 4, 1865, or 6mo. from January 4. Rule. — Multiply each sum due 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. NOTE. — This Rule, though sanctioned by custom, is not strictly correct,... | |
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Multiply each payment by the time before it becomes due, and divide the sum of the products by the sum of the payments : the quotient will be the mean time. 
