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" If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus... "
The United States Arithmetic: Designed for Academies and Schools - Page 175
by William Vogdes - 1847 - 256 pages
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - Arithmetic - 1834 - 312 pages
...be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1835 - 300 pages
...be taken to augment the principal; but interest continues on the former principal until the period when, the payments, taken together, exceed the interest...and interest is to be computed on the balance, as ajoresaid." The interest on the following notes, must be computed by the above legal rule. * (116.)...
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Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal; and interest is to be computed on the balance of principal as aforesaid." The State of Connecticut v. Jackson, 1 Johns. Ch. R. 13. The rule of computing...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1836 - 228 pages
...be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due ; and then the surplus is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as...
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The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...be taken ti augment the principal, but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal ; and interest is to be computed on the balance of principal as aforesaid/i — Johnsonis Chancery Reforts, Vol. I, page 17. 1. Suppose you have a...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - Law reports, digests, etc - 1837 - 678 pages
...not be added to the principal ; but the interest continues on the former principal, until the period when the payments, taken together, exceed the interest due, and then the surplus is to l>e applied towards discharging the principal, and the interest afterwards com283 285 puled on the...
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The North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - Arithmetic - 1839 - 300 pages
...be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...is to be computed on the balance, as aforesaid.'" The interest on the following notes, must be computed by the above legal rule. (116.) "Washington,...
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The North American Review, Volume 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 536 pages
...be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...interest is to be computed on the balance, as aforesaid." Thus we find this rule in the recent Arithmetics. Mr. Leonard seems to us to have gained much and lost...
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The North American Review, Volume 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 572 pages
...be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...interest is to be computed on the balance, as aforesaid." Thus we find this rule in the recent Arithmetics. Mr. Leonard seems to us to have gained much and lost...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - Arithmetic - 1841 - 274 pages
...be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...computed on the balance, as aforesaid." Examples.' UTICA, Nov. 1, 1837. The following endorsements were made on this note: 1838, Oct. 6, there was endorsed...
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