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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

## The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - Arithmetic - 1846 - 204 pages
...payment be leas t han the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal until the...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...

## Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 362 pages
...taken to augment the principal ; but interest 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 towards discharging the principal; and interest is to be computed on the balance as aforesaid." Note....

## The American Arithmetic

James Robinson (of Boston.) - 1847 - 302 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." 83....

## Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - Arithmetic - 1847 - 424 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.—...

## The United States Arithmetic: Designed for Academies and Schools

William Vogdes - Arithmetic - 1847 - 256 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. when the payments, 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 as aforesaid. EXAMPLES....

## Cases Argued and Adjudged in the Supreme Court of Florida, Volume 2

Florida. Supreme Court - Law reports, digests, etc - 1848 - 786 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...interest due; and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance of principal as aforesaid;"...

## Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 422 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 discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note....

## Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - Arithmetic - 1849 - 334 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...be applied toward discharging the principal ; and interest is to be computed on the balance as aforesaid." A. gave to B. his note for 12,000 dollars;...