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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 Federal Arithmetic; Or, A Compendium of the Most Useful Rules of that ... - Page 111
by James Noyes - 1808 - 152 pages
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An Introduction to Arithmetic: Containing the Most Useful Rules in Common ...

James Gray - Arithmetic - 1854 - 120 pages
...which a debt due at dif. ferent times may be discharged at once, without disadvantage to either party. RULE. Multiply each payment by the time at which it is due ; divide the вит of the products by the amount of tho debt : the quotient is the time required....
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Mathematical Dictionary and Cyclopedia of Mathematical Science: Comprising ...

Charles Davies, William Guy Peck - Mathematics - 1855 - 628 pages
...is as follows : Multiply each payment by the time before it becomes due, and divide the sum of these products by the sum of the payments : the quotient will be the mean time. Let it be required to find the mean time of payment of a sum of S200 due in two months,...
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Arithmetic on the Productive System: Accompanied by a Key and Cubical Blocks

Roswell Chamberlain Smith - Arithmetic - 1856 - 334 pages
...I. RKCIPBOCATS, [L. r«iPrtetia.] To exchange ; to interchange; to give and return mutually. several products by the sum of the payments ; the quotient will be the mean 01 equitable time for the payment of the whole.* 11. A owes B $200 to be paid in 6 months, $300...
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - Arithmetic - 1857 - 348 pages
...COMMON RULE FOR EQUATION OP PAYMENTS. Multiply each payment by the time to elapse till it becomes due; divide the sum of the products by the sum of the payments ; the quotient will be the equated time. When one of the payments is due on the day from which the equated time is reckoned, its product is...
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A New System of Arithmetic, on an Improved Plan, Embracing the Rules of ...

Charles Guilford Burnham - 1857 - 342 pages
...months, 75-7-15 = 5 months, the answer. Hence the RULE. Multiply each payment by the time when it becomes due, and divide the sum of the products by the sum of the payments, and the quotient will be the time required. 2. A merchant has owing him $420, to be paid as follows...
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Burnham's Arithmetic, Revised: A New System of Arithmetic, on an Improved ...

Charles Guilford Burnham - Arithmetic - 1857 - 328 pages
...5-4-15 = 5 months, the answer. Hence the ' RULE. Multiply each payment by the time when it becomes due, and divide the sum of the products by the sum of the payments, and the quotient will be the time required. 2. A merchant has owing him $420, to be paid as follows...
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Introduction to The National Arithmetic: On the Inductive System : Combining ...

Benjamin Greenleaf - Arithmetic - 1857 - 336 pages
...payment of the whole. Hence the following RULE. — Multiply each payment by its own time of credit, and divide the sum of the products by the sum of the payments. NOTE 1. — This is the rule usually adopted by merchants, hut it is not perfectly correct ; for if...
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The Progressive Practical Arithmetic: Containing the Theory of Numbers, in ...

Horatio Nelson Robinson - Arithmetic - 1859 - 352 pages
...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 payments ; the quotient will be the average term of credit. II. Add the average term of credit to the date at which all the credits begin,...
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The Progressive Practical Arithmetic: Containing the Theory of Numbers, in ...

Horatio Nelson Robinson - Arithmetic - 1859 - 348 pages
...because 30 X 6 = 180 X 1. RULE. I. Multiply each payment by its term of credit, and divide tfie sum of the products by the sum of the payments ; the quotient will be the average term of credit. Average term of credit. Equated time. Give Case I. Analysis. Rule. II. Add...
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The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...because 45 X 00 = 270 X 1. Hence the following RULE. I. 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. II. Add the average term of credit to the date at which all the credits begin;...
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