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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 Youth's Assistant in Theorhetic [sic] and Practical Arithmetic: Designed ... - Page 82
by Zadock Thompson - 1832 - 168 pages
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Essentials of Business Arithmetic: For Use in Schools and Colleges

Warren H. Sadler, William Russell Will - Business mathematics - 1890 - 316 pages
...should be 5 months after the date of purchase. RULE. — I. Multiply each item by Us term of credit,, and divide the sum of the products by the sum of the items to find the average term of credit. II. Add the average term of credit to the date of purchase...
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The New Model Arithmetic

Henry Holmes Belfield - Arithmetic - 1891 - 362 pages
...interest may be assumed with the same result. Hence, 641. I. Multiply each debt by its term of credit and divide the sum of the products, by the sum of the debts: the quotient is ike average term of credit. Or, II. Compute the interest of each debt for its...
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National Newspaper Directory and Gazetteer: Containing a Complete Classified ...

Pettingill, firm, newspaper advertising agents - Advertising - 1892 - 514 pages
...angle is 184. RULE. — Multiply the amount of each debt by the time in which it is payable (in days), and divide the sum of the products by the sum of the debts. EXAMPLE. — Bought on three months' time. This is equated time of payment. Add one day if February...
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Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - Arithmetic - 1892 - 428 pages
...of 6 months on $ 30, smce 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...
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Standard Arithmetic: Embracing a Complete Course for Schools and Academies

William James Milne - Arithmetic - 1892 - 440 pages
...which is 2 months, the average term of credit. RULE. — Multiply each debt by its term of credit, and divide the sum, of the products by the sum of the debts. The quotient will be the average term of credit. 2. The HB Clafliu Co. sold a bill of goods...
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Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - Arithmetic - 1892 - 428 pages
...6 months on $ 30, 8ince 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...
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Three Roads to a Commission in the United States Army

William Power Burnham - 1893 - 188 pages
...subject. Multiply the average in each subject by the number indicating the relative weight of the subject, and divide the sum of the products by the sum of the relative weights ; the quotient will be the general average. No candidate will be passed by the board...
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For sixth, seventh, and eighth grades

George Edward Atwood - Arithmetic - 1894 - 396 pages
...of days from the focal date to the maturity of each debt. Multiply each debt by its number of days, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit from the focal date. Add the average term of...
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A Manual for Teachers, Including Definitions, Principles, and Rules and ...

John Henry Walsh - 1895 - 296 pages
...when the Terms of Credit begin at the Same Bate. KULE. — Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. Add the average term of credit to the date...
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Mathematics for Common Schools: A Manual for Teachers, Including Definitions ...

John Henry Walsh - 1896 - 282 pages
...Multiply each debt by the number of days between the standard date and the date when the debt becomes due, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit from the standard date. Add the average term...
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