 | Samuel Mecutchen, George Mornton Sayre - Arithmetic - 1877 - 200 pages
...$112.50; at what rate am I insured? INTEREST. Interest is the money which is paid for the use of money. The Principal is the sum for the use of which interest is paid. The Rate is the per cent, of the principal paid for any given time. Note.—When no time is mentioned,... | |
 | Horatio Nelson Robinson - Arithmetic - 1877 - 250 pages
...one dollar for one year is the rate per annum. 275. Interest is a sum paid for the use of money. 276. The Principal is the sum for the use of which interest is paid. 277. The Rate of Interest is the per cent, or number of hundredths of the principal, paid for its use... | |
 | Horatio Nelson Robinson, Daniel W. Fish - Arithmetic - 1877 - 374 pages
...duty at 24% ? Ans. $135.399. SIMPLE INTEEEST. 304. Interest is a sum paid for the use of money. 305. Principal is the sum for the use of which interest is paid. 306. Rate per cent, per annum is the sum per cent, paid for the use of $100 annually. 307. Amount is... | |
 | Daniel Bernard Hagar - Arithmetic - 1877 - 236 pages
...rate of 5% ? DEFINITIONS. 424. Interest is an allowance for the use of money 01 its equivalent. 426. The Principal is the sum for the use of which interest is allowed. 426. The Kate of Interest is the rate per cent, of the principal allowed for its use for one... | |
 | Horatio Nelson Robinson - Arithmetic - 1877 - 212 pages
...my whole gain ? Ans. $225. SIMPLE INTEREST, 190. Iiiterest is a sum paid for the use of money. 191. Principal is the sum for the use of which interest is paid. 192. Bate per cent, per annum is the sum per cent, paid for the use of $100 annually. The rate per... | |
 | Horatio Nelson Robinson - Arithmetic - 1877 - 212 pages
...my whole gain ? Ans. $225. SIMPLE INTEREST. 190. Interest is a sum paid for the use of money. 191. Principal is the sum for the use of which interest is paid. 192. Rate per cent, per annum is the sum per cent. paid for the use of $100 annually. The rate per... | |
 | William James Milne - Arithmetic - 1878 - 400 pages
...year, what will be the amount? DEFINITIONS. 326. Interest is the sum paid for the use of money. 327. The Principal is the sum for the use of which interest is paid. 328. The Amount is the sum of the principal and interest. 329. The Bate of Interest is the annual rate... | |
 | Edgar Arthur Singer - 1878 - 196 pages
...What was the amount of sales ? 3. Interest. 342, Interest is the sum paid for the use of money. 343, The Principal is the sum for the use of which interest is paid. .',*//. The Bate of Interest ia the rate per cent. of the principal paid for its use for one year.... | |
 | John Homer French - Arithmetic - 1878 - 192 pages
...machine must each partner pay ? SECTION IV. IWT&&JSST. Interest is the sum paid for the use of money. ^Principal is the sum for the use of which interest is paid. Amount is the sum of principal and interest. Hate per Cent per jinnum is the interest on fl for 1 year.... | |
 | Edward Olney - Arithmetic - 1879 - 392 pages
...Mr. Smith in all at the end of the year? 344-. Interest is monej- paid for the use of money. 1 345. The Principal is the sum for the use of which interest is paid. It will be seen that Principal corresponds to Base, as heretofore used, and Interest to Percentage;... | |
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287. Interest is a sum paid for the use of money, or its equivalent. 288. The principal is the sum for the use of which interest is paid. 289. The rate of interest is the per cent, of the principal paid for its use one year, or some given interval of... 
