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" RULE.* Multiply the principal by the 'rate per cent, and divide the product by 100: the quotient will be the interest for 1 year. "
The Teachers' Assistant: Or a System of Practical Arithmetic - Page 99
by Stephen Pike - 1824 - 198 pages
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Watson's Tutor's assistant; or, Complete school arithmetic

William Watson (of Beverley.) - 1845 - 188 pages
...purchasing of stock, and insurance. CASE I. — When the interest is wanted for one year. RULE I. — Multiply the principal by the rate per cent. and divide the product by 100, the quotient is the interest required.* CASE II. — When the interest is required for several ye RULE 2. — Multiply...
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North American Arithmetic: Part Second and Part Third, Part 2

Frederick Emerson - Arithmetic - 1846 - 266 pages
...together, are called the Amount. RULE FOR COMPUTING INTEREST. Multiply the principal by the rate.per cent., and divide the product by 100: the quotient will be the interest for 1 year. 42. What is the interest of $ 100, for 1 year, at 5 per cent. ? What is the amount ? 43. What is the...
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Welch's Improved American Arithmetic: Adapted to the Currency of the United ...

Arithmetic - 1846 - 258 pages
...balance due on the 1st and 2d examples in method first. SIMPLE INTEREST IN LAWFUL MONEY. RULE.— (>) Multiply the principal by the rate per cent., and divide the product by 100, the quotient is 1 year's interest; if months and days are mentioned in the time, (2) find 1 year's interest as above,...
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Arithmetic Designed for Academies and Schools: With Answers

Charles Davies - Arithmetic - 1846 - 362 pages
...$266,00 A^ $266,00. Hence, we have the following RULE. I. Multiply the principal by the rate of interest, and divide the product by 100: the quotient will be the interest for one year. II. When the number of years exceeds one, multiply the interest for one year by the number...
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The United States Arithmetic: Designed for Academies and Schools

William Vogdes - Arithmetic - 1847 - 324 pages
...together. When no particular per cent, is mentioned, 6 per cent, is to be understood. GENERAL RULE. Multiply the principal by the rate per cent., and...product by 100, the quotient will be the interest for one year, which, multiplied by the years given, will be the interest for the required time ; if there...
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Daboll's Complete Schoolmaster's Assistant: Being a Plain Comprehensive ...

Nathan Daboll, David Austin Daboll - Arithmetic - 1849 - 260 pages
...computed only on the original principal. T. To find the interest of Any given sum for one year, RULE. Multiply the principal by the rate per cent and divide...product by 100 ; the quotient will be the interest for one year. Note. By this Rule are calculated Commission, Broker* age, Insurance, buying and selling...
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Introduction to arithmetic

Chambers W. and R., ltd - 1854 - 152 pages
...interest charged on the amount of both. I. To FIND THE INTEREST ON A GIVEN SUM FOR one YEAR. RULE. — Multiply the principal by the rate per cent, and divide the product by 100. NOTE. — This is also the rule by which any given per cent, is calculated, when no particular period...
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Arithmetic for Schools

Barnard Smith - Arithmetic - 1854 - 368 pages
...INTEREST. 163. To find the Interest of a given sum of money at a given rate per cent. for a year. RULE. " Multiply the principal by the rate per cent., and divide the product by 100, as in (Art. 126)." Note 1. The interest for any given number of years will of course be found by multiplying...
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The practical calculator: a treatise on arithmetic

C W. Thornhill - 1854 - 228 pages
...whole interest paid. RULE 2 — Multiply the principal by the rate per cent. and the number of years ; and divide the product by 100, the quotient will be the interest required. What is the interest of £476 15s. Od. for 7 years, at £4^ per cent. per annum ? By Rule...
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Arithmetic, Its Principles and Practice

James W. Kavanagh - Arithmetic - 1857 - 298 pages
...156. To find the interest on a given principal for. one year — Multiply the principal by the rate, and divide the product by 100, the quotient will be the -interest. Ir the amount be required : To the prmcipal add the interest, the total will be the amount. Ex. 1....
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