Business Arithmetic for Secondary Schools
Business Arithmetic for Secondary Schools
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3. $456. 50 for 8 mo. At 7|%. 7. $3600 for 20 da. At 5%.
4. $862. 85 for 7 mo. 3 da. At 6%. 8. $240 for 18 da. At 9%. 9. $1200 from Jan. 5 to Nov. 21 at 6%. (Approximate time. ) 10. $12, 900 from Aug. 21 to Dec. 3, at 4%. (Approximate time. ) 11. $270 from Mar. 13 to May 24 at 7%. (Exact time. ) 12. $1200 for 75 da. At 5% 13. $320 for 3 mo. 5 da. At 8%.
II. SIXTY-DAY METHOD. The sixty-day, or bankers' method, is one of the most effec- tive in use. By it, interest is first computed at 6% and the...n reduced to the required rate.
INTRODUCTORY EXERCISE.
1. If the interest rate is 6%, what per cent, of the principal is the interest for 6 mo. ? 2 mo. ? 8 mo. ? 1 mo. ?
2. What per cent, for 60 da. , 30 da. , 90 da. , 20 da. ?
3. For what period, in months, is the interest 1% of the principal? For what period in days?
4. What is the simplest method of finding 1% of a number?
5. Find the interest at 6%, for 60 days, on $1200, $800, $300. " Illustrative Example. Compute the interest on $7200 for 96 days at 6%.
What to read after Business Arithmetic for Secondary Schools?
You can find similar books in the "Read Also" column, or choose other free books by E L Ernest Lawton Thurston to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3. $456. 50 for 8 mo. At 7|%. 7. $3600 for 20 da. At 5%.
4. $862. 85 for 7 mo. 3 da. At 6%. 8. $240 for 18 da. At 9%. 9. $1200 from Jan. 5 to Nov. 21 at 6%. (Approximate time. ) 10. $12, 900 from Aug. 21 to Dec. 3, at 4%. (Approximate time. ) 11. $270 from Mar. 13 to May 24 at 7%. (Exact time. ) 12. $1200 for 75 da. At 5% 13. $320 for 3 mo. 5 da. At 8%.
II. SIXTY-DAY METHOD. The sixty-day, or bankers' method, is one of the most effec- tive in use. By it, interest is first computed at 6% and the...n reduced to the required rate.
INTRODUCTORY EXERCISE.
1. If the interest rate is 6%, what per cent, of the principal is the interest for 6 mo. ? 2 mo. ? 8 mo. ? 1 mo. ?
2. What per cent, for 60 da. , 30 da. , 90 da. , 20 da. ?
3. For what period, in months, is the interest 1% of the principal? For what period in days?
4. What is the simplest method of finding 1% of a number?
5. Find the interest at 6%, for 60 days, on $1200, $800, $300. " Illustrative Example. Compute the interest on $7200 for 96 days at 6%.
What to read after Business Arithmetic for Secondary Schools?
You can find similar books in the "Read Also" column, or choose other free books by E L Ernest Lawton Thurston to read onlineMoreLess
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