New Practical Arithmetic for Grammar Departments

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New Practical Arithmetic for Grammar Departments
James B James Bates Thomson
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=tlie — — int. Of $1 for 80 times 8 m. , or 640 m. Now 200 ^°° ) l2bo m. +420 m. + 640 m. = i26o m. ; therefore I am A. Ns. 6-j^ m. Entitled to the use of $1 for 1260 m. But the sum of the debts is $50 + $70 + $80= $200. Now as I am entitled to the use of $1 for 1260 m. , I must be entitled to the use of $200 for 7^0 part of 1260 m. , and 1260-5-200=6 1\ m. , or 6 m. 9 d. , the average time re- quired. Hence, the Rule. — Multiply each item ly its length of credit, and divide the sum of the prod...ucts ly the sum of the items. The quotient will he the average time.
Notes. — i. When the date of the payment is required, add the average time to the date of the transaction. Thus, in the preceding Ex. , the date of payt. Is Oct. 3d + 6 m. 9 d. , or April 12th, 1871.
469. What is equation of payments ? Note. What is the average time called ? 470. How many classes of examples in Equation of Payments? 471. How find the avera^re time, when the items have the same date, but different credita 302 EQUATION OF PAYMENTS.


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