 We shall now give the rule established in New York (see Johnson's Chancery Reports, vol. i., page 17,) for computing the interest on a bond or note, when partial payments have been made. The same rule is also adopted in Massachusetts, and in most of the...  Mental and Practical Arithmetic - Page 217by Charles Davies - 1838 - 288 pagesFull view - About this book
 | Samuel G. Beatty - Accountants - 1877 - 308 pages
...the following rule has been sanctioned by a number of decisions both in law and equity : RlTLE. — I. Compute the interest on the principal to the time of the first payment, and if this pnymcnt exceed the interest then due, add the Merest to the principal, andfrom the svm subtract... | |
 | James Hamblin Smith, Thomas Kirkland - Arithmetic - 1877 - 376 pages
...the note or bond. To compute the interest on such a note proceed according to the following rule : Compute the interest on the principal to the time of the first payment, and if this payment exceed the interest then due add tlie interest to the principal, and from the sum take... | |
 | Stoddard A. Felter, Samuel Ashbel Farrand - Arithmetic - 1877 - 496 pages
...United Slates Supremo Court, and is adopted by all Ilio Slates, excepting New Hampshire and Connecticut. RULE. — I. Compute the interest on the principal to the time of the first payment : if the payment equals or exceeds this interest, add the interest to the principal, and subtract the... | |
 | Charles Scott Venable - Arithmetic - 1888 - 402 pages
...payments written on the back of the note, or other written obligation. 811. United stales Rule. — 1. Compute the interest on the principal to the time of the first payment, and, if this payment equals or exceeds the interest then due, add the interest to the principal, and from the... | |
 | William Estabrook Chancellor - Arithmetic - 1902 - 184 pages
...part of the amount due on a note or other written obligation bearing interest. UNITED STATES RULE Find the interest on the principal to the time of the first payment ; when the payment equals or exceeds this interest, add the interest to the principal, and subtract... | |
 | George Soulé - Business mathematics - 1910 - 1042 pages
...SYSTEM. 1190. The Connecticut System, according to the Supreme Court of Connecticut, is as follows : Compute the interest on the principal to the time of the first payment ; if that be one year or more from the time the interest commenced, add it to the principal, and deduct... | |
 | Stoddard A. Felter - Arithmetic - 1868 - 368 pages
...United States, and by all the States of the Union, with the exception of Connecticut and New Hampshire. Rule. — I. Compute the interest on the principal to the time of the first payment ; if the payment equals or exceeds this interest, add the interest to the principal, and subtract the... | |
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