A Commercial Arithmetic Designed for Academies High Schools Counting Rooms
A Commercial Arithmetic Designed for Academies High Schools Counting Rooms
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5. What cost a bill of exchange for 2800 15s. 9d. At $4. 85 ? At$4. 82J?
6. What cost 3560 18s. 3d. At $4. 80? At $4. 89? At 454. To find the face of Sterling Bills, the cost and rate of exchange being given.
7. A merchant paid $4256. 40 for a sight bill on London ; exchange being $4. 86, what was the face of the bill ?
ANALYSIS. Since $4. 86 will buy 1 exchange, 86 JJ4256. 40 $4256. 40 will buy as many pounds as $4. 86 are 875. 8 contained times in $4256. 40, or 875. 8. (Art. 20 153. ) Hence, ...tlie Ans. 875, 16s.
ELTLE. Divide the cost of the bill by the given rate of exchange ; the quotient will be the face of the draft. Reduce the decimals, if any, to shillings and pence. (Art. 153. ) NOTE. When the cost and face of the bill are given, the rate of exchange is found by dividing the latter by the former. (Art. 216. ) 8. An importer paid $15265. 40 for a bill of exchange on Birmingham; exchange being $4. 87, what was the face of the bill?
9. Paid $25275 for a bill on Edinburgh; exchange being $4.
What to read after A Commercial Arithmetic Designed for Academies High Schools Counting Rooms?
You can find similar books in the "Read Also" column, or choose other free books by James B James Bates Thomson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
5. What cost a bill of exchange for 2800 15s. 9d. At $4. 85 ? At$4. 82J?
6. What cost 3560 18s. 3d. At $4. 80? At $4. 89? At 454. To find the face of Sterling Bills, the cost and rate of exchange being given.
7. A merchant paid $4256. 40 for a sight bill on London ; exchange being $4. 86, what was the face of the bill ?
ANALYSIS. Since $4. 86 will buy 1 exchange, 86 JJ4256. 40 $4256. 40 will buy as many pounds as $4. 86 are 875. 8 contained times in $4256. 40, or 875. 8. (Art. 20 153. ) Hence, ...tlie Ans. 875, 16s.
ELTLE. Divide the cost of the bill by the given rate of exchange ; the quotient will be the face of the draft. Reduce the decimals, if any, to shillings and pence. (Art. 153. ) NOTE. When the cost and face of the bill are given, the rate of exchange is found by dividing the latter by the former. (Art. 216. ) 8. An importer paid $15265. 40 for a bill of exchange on Birmingham; exchange being $4. 87, what was the face of the bill?
9. Paid $25275 for a bill on Edinburgh; exchange being $4.
What to read after A Commercial Arithmetic Designed for Academies High Schools Counting Rooms?
You can find similar books in the "Read Also" column, or choose other free books by James B James Bates Thomson to read onlineMoreLess
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