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" If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus... "
Higher Book - Page 192
by William Seneca Sutton - 1896
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - Arithmetic - 1841 - 274 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the...interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." Examples.'...
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A Treatise on the Civil Jurisdiction of Justices of the Peace in the ..., Part 2

Esek Cowen - Justices of the peace - 1841 - 698 pages
...87.(note.) less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of the principal...
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Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - Arithmetic - 1841 - 246 pages
...interest, the surplus of interest must not be taken to augment the principal; but interest continues ons the former principal, until the period when the payments...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid'."...
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Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - Arithmetic - 1841 - 268 pages
...the principal, but interest continues 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 the principal ; and interest is to be computed on the balance ol principal as aforesaid."...
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A Treatise on the Law of Usury ; to which are Added, the Statutes of the ...

Jeremiah W. Blydenburgh - Interest - 1844 - 364 pages
...remaining due. If the payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the...interest due, and then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal....
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A New Practical and Theoretical Arithmetic: In which in Addition to the ...

Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal, until...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 3d,...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 354 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid)' Note....
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An Elementary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1846 - 266 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the...interest due, and then the surplus is to . be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid. By...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 402 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." Note....
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1846 - 318 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the...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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