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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. "
For sixth, seventh, and eighth grades - Page 362
by George Edward Atwood - 1894
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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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The civil service arithmetic. [With] A key, Book 1

Robert Johnston (F.R.G.S.) - 1863 - 254 pages
...RULE. — 1°. Multiply each debt by the time which should elapse before it will become due. 2°. Then divide the sum of the products by the sum of the debts. Various Departments. Ex. 1. Find by any rule with which you are acquainted the sum which, paid one...
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A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - Arithmetic - 1883 - 374 pages
...equate the time of several debts or payments : Rules. — 1. Multiply each debt or payment by its time of credit, and divide the sum of the products by the sum of the debts or payments. Or : 2. Compute the interest of each debt or payment for its time of credit, and divide...
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Fish's Arithmetic Number One[-two]: Oral and Written ..., Volume 2

Daniel W. Fish - Arithmetic - 1883 - 348 pages
...of $800 due in 1 TOO., $750 due in 4 mo., and $1000 due in 6 mo. RULE. — 1. Multiply each payment by its term of credit, and divide the sum of the products bу the sum of the payments ; the quotient is the average term of credit, 2. To find the equated time...
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The principles of arithmetic and their application to business explained

Alexander Ingram - 1883 - 190 pages
...equitably paid at once. RULE. Multiply each debt by the time which must elapse before it is due ; then divide the sum of the products by the sum of the debts for the equated time nearly. Ex. Find the equated time, when £50 due in 70 days, £60 due in 96 days,...
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Howard's Anglo-American Art of Reckoning: The Standard Teacher and Referee ...

C. Frusher Howard - Ready-reckoners - 1884 - 144 pages
...the required quantity of the other member. To prove the answer, multiply each value by its quantity, and divide the sum of the products by the sum of the quantities. Example. — Having four qualities of tea worth 1, 2, 3 and 4 dollars a pound, how much...
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New Complete Arithmetic on the Inductive Method: With Parallel Mental and ...

James William Nicholson - Arithmetic - 1885 - 348 pages
...considered a day ; and the average time is 2 mo. 13 da. from and after Aug. 10, which is Oct. 23. RULE. — Multiply each debt by its term of credit, and divide...debts. The quotient will be the average term of credit. This added to the date from which the credits were reckoned will give t7ie average time of payments....
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Complete Arithmetic Combining Oral and Written Exercises

Indiana. State Board of Education - 1886 - 360 pages
...ART. 390. — Rule for finding the equated time, when the terms of credit begin on the same date. — Multiply each debt by its term of credit and divide the sum of the products ljy the sum of the payments. NOTE. — Whenever cents appear in the debts, they should be reiected...
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Complete Arithmetic: Elements and Commercial. New Series

Christian Brothers - Arithmetic - 1888 - 484 pages
...$820 will have a credit of ^ of 3560 months, which is 4J| months. 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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Numbers Applied, a Complete Arithmetic, Part 1

Andrew Jackson Rickoff - Arithmetic - 1886 - 688 pages
...at different times, by the Method of Products. 339. Rule.— Multiply each item of the debt by ita term of credit, and divide the sum of the products by the sum of the items ; the quotient will be the average term of credit. Note*. — 1. In computing terms of credit,...
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