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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
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A New System of Arithmetic: In which is Explained and Applied to Practical ...

Calvin Tracy - Arithmetic - 1840 - 311 pages
...compare with Simple and Compound Proportion7 What is the rule for Conjoined Proportion 7 DISCOUNT. Discount is an allowance made for the payment of money before it becomes due. The present worth of any sum of money, payable at some future time without interest, is that sum which,...
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Burnham's Arithmetic, Revised: A New System of Arithmetic, on an Improved ...

Charles Guilford Burnham - Arithmetic - 1841 - 324 pages
...of 256 10 s. in 7 years, at 6 per cent., compound interest? Answer, 385 . 13s. 7 d. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it becomes due. The present worth of a debt due at any future period, is so much money as, being put on interest, at...
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Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - Arithmetic - 1841 - 263 pages
...the .fourth term or answer will become increased, or diminished, in pro* portion 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. which are payable at some future period. What...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - Arithmetic - 1841 - 274 pages
...Years. | |Per cent. 25 22f 20 I8A 16f 16A 7 7* 8 8* 9 9J Years. 14f 1*4 12| lltf IH lon 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...
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The principles of arithmetic. [Followed by] The principles of algebra

Wales Christopher Hotson - 1842 - 306 pages
...insurance, at 10f per cent., of a ship and cargo valued at 4500.? Ans. 483. 15s. DISCOUNT. 72. Discount is an allowance made for the payment of money before it becomes due. If the discount be subtracted from any proposed sum, the remainder is termed its Present worth, being...
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First Book of Arithmetic for the Use of Schools

Commissioners of National Education in Ireland - 1842
...Kequired the amount of 2467. 15s. for 3 years, C weeks. and 4 days, at 2j- per cent. per annum ? DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. Thus, if a person passed me a bill for 105, to be paid at the end of a year, and I wished...
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The practical arithmetic

John Darby (teacher of mathematics.) - 1843 - 236 pages
...per cent. ; what rate of interest shall I have for my money ? Ans. 3 13s. 10|d. nearly. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of any sum of money due at the expiration of a given period of time, is such...
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The United States Arithmetic: Designed for Academies and Schools

William Vogdes - Arithmetic - 1847 - 256 pages
...of $10000 stock, at 105| per cent., and the broker's commission at ^ per cent. ? DISCOUNT. 1115. Discount is an allowance made for the payment of money before it becomes due, and is as much as that money, if put to interest, would gain in the same time, and at the same rate.* Thus...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 302 pages
...6.704751 9.703507 20 2.653298 3.207135 40 7.039989 10.285718 COMPOUND DISCOUNT. Art. 182. COMPOUND DISCOUNT is an allowance made for the payment of money before it is due, on the supposition that money can be let at compound interest. The present worth of a debt...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 344 pages
...table gives the time required for a given principal to double itself at simple interest. DISCOUNT. 6O. 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...
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