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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 University Arithmetic: Embracing the Science of Numbers, and Their ... - Page 262
by Charles Davies - 1846 - 399 pages

## Practical Arithmetic: Embracing the Science and Applications of Numbers

Charles Davies - Arithmetic - 1866 - 356 pages
...\$12 " " J_x 12 = 12.' \$6 \$48 6 6)48. Rule. Multiply each payment by the lime before it becomes dut and divide the sum of the products by the sum of the...payments: the quotient will be the mean time. Examples. 1. A merchant owes \$600, to be paid in 12 months from January 1st ; \$800, to be paid in 6 months, and...

## Modern arithmetic. [With] Key, Book 1

John Hunter (of Uxbridge.) - 1866 - 266 pages
...founded on mercantile discount, and is as follows : — RULE. — Multiply each payment by its time, and divide the sum of the products by the sum of the payments ; observing to use all the times, as well as the payments, in a uniform denomination. Ex. (1) I owe...

## Practical Arithmetic, Embracing the Science of Numbers and the Art of ...

John Fair Stoddard - Arithmetic - 1868 - 428 pages
...time is July 4, 1865, or 6mo. from January 4. Rule. — Multiply each sum due 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. NOTE. — This Rule, though sanctioned by custom, is not strictly correct,...

## Stoddard's Complete Arithmetic: Being the New Practical Arithmetic of the ...

John Fair Stoddard - Arithmetic - 1888 - 480 pages
...time is July 4, 1865, or 6rno. from January 4. Rule. — Multiply each sum due 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 creditF NOTE. — This Rule, though sanctioned by custom, Is not strictly correct,...

## Practical Arithmetic, by Induction and Analysis

Joseph Ray - Arithmetic - 1857 - 358 pages
...COMMON KULE FOH EQUATION OF PAYMENTS. Multiply each payment by the time to elapse till it becomes due; divide the sum of the products by the sum of the payments; the quotient will be the equated lime. When one of the payments is due on the day from which the equated time is reckoned, its...

## The Progressive Practical Arithmetic: Containing the Theory of Numbers, in ...

Horatio Nelson Robinson, Daniel W. Fish - Arithmetic - 1868 - 390 pages
...6 mouths 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 witt be the average term of credit. Average term of credit. Equated time. Give Case I. Analysis. Jlule....

## A Practical Business Arithmetic: For Common Schools and Academies. Including ...

Whitman Peck - Arithmetic - 1868 - 304 pages
...\$500 X 51 " =\$25500 " \$1200 X— " =)\$75100 Ans. 63 days. RULE. — Multiply each payment by its time, and divide the sum of the products by the sum of the payments. This rule is according to bank discount. If the date is required, reckon the equated time from the...

## The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1868 - 468 pages
...Hence the following RULE. 1. Multiply each payment by its term of credit, and divide the sum of ike products by the sum of the payments; the quotient will be the average term of credit. II. Add the averaye term of credit to the date at which all the credits begin;...