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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. "
Complete Graded Arithmetic, Oral and Written: Upon the Inductive Method of ... - Page 231
by James Bates Thomson - 1882 - 400 pages
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Practical Arithmetic, Embracing the Science of Numbers and the Art of ...

John Fair Stoddard - Arithmetic - 1868 - 356 pages
...and the equated 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 (he payments, the quotient will be the average term of credit. NOTE, — This Rule, though sanctioned...
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Modern arithmetic. [With] Key, Book 1

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....
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The Foreign and Domestic Commercial Calculator; Or, A Complete Library of ...

Ezra S. Winslow - Business mathematics - 1867 - 232 pages
...ingredients, the quantity and price of each being given. RULE. — Multiply each quantity by its price, and divide the sum of the products by the sum of the quantities; the quotient will be the price per unity of measure of the mixture; and, having found the...
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Stoddard's Complete Arithmetic: Being the New Practical Arithmetic of the ...

John Fair Stoddard - Arithmetic - 1888 - 480 pages
...and the equated time is July 4, 1865, or 6rno. 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 creditF NOTE. — This Rule, though sanctioned by...
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Practical Arithmetic, Embracing the Science of Numbers and the Art of ...

John Fair Stoddard - Arithmetic - 1868 - 428 pages
...and the equated 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...
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The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1868 - 468 pages
...corresponding number of days in the preceding column, writing the products in a fourth column. TV. Divide the sum of the products by the sum of the items. The quotient mill be the average term of credit or interest, and must be reckoned from the focal date TOWARD the...
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The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - Arithmetic - 1868 - 350 pages
...several articles when the quantity and rate are given. RULE.—Multiply each quantity by its rate, and divide the sum of the products by the, sum of the quantities. The quotient will be the average value. EXAMPLES. 1. If 10 Ibs. of tea worth 60/ per Ib....
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The Normal Union Arithmetic: Graded Course, Part 3

Edward Brooks - Arithmetic - 1877 - 232 pages
...4(JO )1600(3i mo. $1, for 1500 months; if $1 has a credit 1500 Rule. — 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. NOTES. — 1. If there are cents in any...
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The Normal Higher Arithmetic: Designed for Common Schools, High Schools ...

Edward Brooks - Arithmetic - 1877 - 564 pages
...is 5J months. Hence the adding, we have the sum equivalent to a Rule.—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. 2. It is objected to this rule that the...
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The New Normal Written Arithmetic: Designed for Common Schools, Normal ...

Edward Brooks - Arithmetic - 1877 - 438 pages
...credit of jj^ of 1500 months, which is 3} months. Hence the Rule. — Multiply each payment by its term of credit, and divide the sum of the products by the sum cf the payments , the quotient will be the average term of or edit. NOTES. — 1. If there are...
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