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The present worth of a note payable at a future time is such a sum as, put at interest at the given rate per cent, until it becomes due, will amount to the face of the note. Discount is an allowance made for the payment of money before it becomes due,...
The Progressive Intellectual Arithmetic, on the Inductive Plan: Being a ... - Page 139
by Horatio Nelson Robinson - 1859

## Arithmetical Magazine: Or, Mercantile Accountant, Adapted to the Commerce of ...

William M. Finlay - Accounting - 1803 - 276 pages
...charged 4 per cent. ? Ans. §4882.50. * See Problem III. Arithmetical Progression. Relate or Discount. DISCOUNT is an allowance made for the payment of money before it becomes due, and is less than interest by the interest of the interest for the given time. Therefore, the present -worth...

## The Youth's Assistant in Theoretick and Practical Arithmetic

Zadock Thompson - Arithmetic - 1826 - 164 pages
...rule for Compound 2. What is the rule for finding Com- I Interest by decimals ? pound Interest ? ' DISCOUNT is an allowance made for the payment of money before it becomes due, and is the difference between that sum, due some time hence, 'and its present worth. The present worth of...

## The Federal Calculator: Or, A Concise System of Practical Arithmetic

William Slocomb - 1828 - 160 pages
...are they to be disposed of? I How is Federal Money changed to Pennsylvania, &c, currency? DISCOUNT. a DISCOUNT Is an allowance made for the payment of money before it becomes due, and is the difference between that sum and its present worth. RULE. b As the amount of 100 dollars, for the...

## A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 288 pages
...so the fourth term or answer will become increased, or diminished, in proportion to the second term. DISCOUNT, Is an allowance made for the payment of money before it becomes due, or upon advancing ready money on notes, obligations, &c., whichare payable af -orae future period....

## The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1834 - 300 pages
...principal. This problem forms the subject of the next article, under the head of Discount. XVI. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt, payable at a future period without interest, is that sum of money,...

## The New System of Practical Arithmetic: Whereby Most of the Various Problems ...

Charles Potts - Arithmetic - 1835 - 180 pages
...year. What amount 1 1 .1 100\$ 1.03 1st half year. 1. 03 2d half year. 1.03 3d half year. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it becomes due. The present worth of any debt not yet due, is so much money as, being put to interest till the debt...

## A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1836 - 274 pages
...in two years, at 7 ^er cent? ifAns. \$724,70cts. 8ft. QUESTIONS ON DISCOUNT. What is discount ? A. It is an allowance made for the payment of money 'before it becomes due. On what rule is discount depending'? A. On the Rule of Three Direct. What rale do you observe in stating...

## The Teacher's Assistant in the "Course of Mathematics Adapted to the Method ...

Mathematics - 1836 - 472 pages
...anee made for the use of borrowed money, or for debts of any kind remaining unpaid after they are due. Discount is an allowance made for the payment of money before it is due. An allowance of a certain rate per cent, on any given sum, may be calculated by multiplying...