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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. "
Bryant and Stratton's Commercial Arithmetic, in Two Parts: Designed for the ... - Page 238
by Emerson Elbridge White, Henry Dwight Stratton, Henry Beadman Bryant, J. B. Meriam - 1869
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The Progressive Practical Arithmetic: Containing the Theory of Numbers, in ...

Horatio Nelson Robinson - Arithmetic - 1859 - 352 pages
...of 6 months on $30, because 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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The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...because 45 X 00 = 270 X 1. Hence the following 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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The National Arithmetic, on the Inductive System: Combining the Analytic and ...

Benjamin Greenleaf - Arithmetic - 1860 - 456 pages
...days, nearly, from May 1, or on June 13. RULE. — Multiply each payment by its own time of credit, and divide the sum of the products by the sum of the payments. NOTE 1. — When the date of the average time of payment is required, as in Example 2, Jind...
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Introduction to The National Arithmetic, on the Inductive System: Combining ...

Benjamin Greenleaf - Arithmetic - 1860 - 324 pages
...payment of the whole. Hence the following RULE. -—Multiply each payment by its own time, of credit, and divide the sum of the products by the sum of the payments. NOTE 1. — This is the rule usually adopted by merchants, but it is not perfectly correct...
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Adams's Improved Arithmetic: Arithmetic, in which are Combined the Analytic ...

Daniel Adams - Arithmetic - 1861 - 452 pages
...Hence, To find the mean time of several, payments, — RULE. Multiply each sum by its tune of payment, and divide the sum of the products by the sum of the payments ; the quotient will be the equated tune. EXAMPLES. 2. A Western merchant owes in New York...
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Introduction to the National Arithmetic, on the Inductive System: Combining ...

Benjamin Greenleaf - Arithmetic - 1861 - 338 pages
...payment of the whole. Hence the following RULE. — Multiply each payment by its own time of credit. and divide the sum of the products by the sum of the payments. NOTE 1. — This is the rule usually adopted by merchants, but it is not perfectly correct...
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Davies' University Arithmetic: Embracing the Answers, and a Full Analysis ...

Charles Davies - Arithmetic - 1861 - 496 pages
...find the average time of payment : Rule. — Multiply each payment by the time before it becomes due, and divide the sum of the products by the sum of the payments: the Quotient will be the average time. Examples. 1. A merchant ows $1200, of which $200 is...
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Vermont School Journal and Family Visitor, Volumes 3-4

Education - 1861 - 712 pages
...starting point. The rule for Equation of Payments is, " multiply each payment by its own time of credit, and divide the sum of the products by the sum of the payments," — another case in point. I have put down some of the more prominent faults in the books,...
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The Normal Written Arithmetic: By Analysis and Synthesis, Designed for ...

Edward Brooks - Arithmetic - 1863 - 350 pages
...credit of jJ-3 of 1500 months, which is 3J months. Hence RULE. — Multiply each payment ly its time, and divide the sum of the products by the sum of the payments, the quotient will lie, the average term of credit. 2. A owes B §6000, J due in 3mo., | in...
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Arithmetic, designed for the use of schools

John William Colenso (bp. of Natal.) - 1864 - 238 pages
...the following Ordinary Rule. Multiply the several debts by their times in any uniform denomination, and divide the sum of the products by the sum of the debts. Thus, the above process is reduced to the following: — 651 x 5 = 3255 434x8 = 3472 10S5 )6727...
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