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" If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... "
Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic - Page 261
by Joseph Ray - 1880 - 408 pages
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A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - Arithmetic - 1838 - 194 pages
...principal, and the subsequent interest is to be computed fin the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the p.-inc:pal ; but interest continues on the former principal, until the period when the payments taken...
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A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - Arithmetic - 1838 - 194 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to zugmcnt the principal; but interest continues on the former irincipnl, until the period when the payments...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1839 - 300 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest muat not be taken to augment the principal; but interest continues on the former principal until the...
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The North American Arithmetic: part third

Frederick Emerson - 1840 - 302 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest mu.it not be taken to augment the principal; but interest continues on the former principal until the...
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Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - Arithmetic - 1841 - 268 pages
...the-principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging...
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Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - Arithmetic - 1841 - 246 pages
...principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than the interest, the surplus...taken to augment the principal; but interest continues ons the former principal, until the period when the payments taken together exceed the interest due,...
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A New Practical and Theoretical Arithmetic: In which in Addition to the ...

Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...principal, and the subsequent, interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...interest due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1846 - 318 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 362 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus...continues on the former principal until the period lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied...
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The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - Arithmetic - 1846 - 204 pages
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the...
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