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" 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. "
The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ... - Page 351
by Horatio Nelson Robinson - 1860 - 432 pages
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Robinson's Progressive Practical Arithmetic: Containing the Theory of ...

Horatio Nelson Robinson - 1888 - 372 pages
...credit of 1 month on $180 , and t !iu equals a credit of 6 months on $30, because 30 x 6 = 180 x 1. RULE. I. Multiply each payment by its term of credit,...and divide the sum of the products by the sum of the pay~ vients ; the quotient will be the average term of credit. Average term of credit. Equated time....
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The Commercial Arithmetic: A Practical Text-book for Business Colleges, High ...

Warren H. Sadler - 1888 - 426 pages
...paying the entire amount should be 5 months after the date of purchase. Rule. — I. Multiply each item by its term of credit, and divide the sum of the products by the sum of the items to find the average term of credit. II. Add the average term of credit to the date of purchase...
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Numbers Applied

Andrew Jackson Rickoff - 1888 - 464 pages
...money, due at different times, by the Method of Products. 339.. Rule.— Multiply each item of the debt by its term of credit, And divide the sum of the products by the sum of the items ; the quotient will be the average term of credit. Notes. — 1. In computing terms of credit,...
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Complete Arithmetic: Combining Oral and Written Exercises

Edward Sylvester Ellis - Arithmetic - 1889 - 370 pages
...for finding the equated time, when the terms of credit begin on the same date, — Multiply each debt by its term of credit and divide the sum of the products by the sum of the payments. NOTE. — Whenever cents appear in the debts, they should be rejected if less than 50 and counted as...
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Advanced Arithmetic for Secondary Schools: A Comprehensive Treatise on the ...

John Homer French - Arithmetic - 1889 - 512 pages
...credit: — PBODUCT METHOD. — Multiply each term of credit by the number expressing the payment, and divide the sum of the products by the sum of the payments. Or, IMTEKEST METHOD. — Find the interest of each debt for its term of credit, and divide the sum...
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Essentials of Business Arithmetic: For Use in Schools and Colleges

Warren H. Sadler, William Russell Will - Business mathematics - 1890 - 316 pages
...entire amount should be 5 months after the date of purchase. RULE. — I. Multiply each item by Us term of credit,, and divide the sum of the products by the sum of the items to find the average term of credit. II. Add the average term of credit to the date of purchase...
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Elements of Precise Surveying and Geodesy

Mansfield Merriman - Geodesy - 1903 - 274 pages
...method of computing it is frequently expressed by the rule: Multiply each observation by its weight and divide the sum of the products by the sum of the weights. Prob. 4. Prove the principle (4) directly from the law of probability of error given by (2),...
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The New Model Arithmetic

Henry Holmes Belfield - Arithmetic - 1891 - 362 pages
...months. NOTE. Any rate of interest may be assumed with the same result. Hence, 641. I. Multiply each debt by its term of credit and divide the sum of the products, by the sum of the debts: the quotient is ike average term of credit. Or, II. Compute the interest of each debt for its...
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Standard Arithmetic: Embracing a Complete Course for Schools and Academies

William James Milne - Arithmetic - 1892 - 440 pages
...yy1^ part of 2200 months, which is 2 months, the average term of credit. RULE. — 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. 2. The HB Clafliu Co. sold a bill of goods...
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National Newspaper Directory and Gazetteer: Containing a Complete Classified ...

Pettingill, firm, newspaper advertising agents - Advertising - 1892 - 514 pages
...angle is 184. RULE. — Multiply the amount of each debt by the time in which it is payable (in days), and divide the sum of the products by the sum of the debts. EXAMPLE. — Bought on three months' time. This is equated time of payment. Add one day if February...
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