This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ... $207.88 to Oct. 30, 5 mo. 10 da., 6.47 Amount, $214.35 Less second payment, 100.00 Balance Oct. 30, 1902, $114.35 Interest on $ 114.35 Oct. 30 to March 6, 4 mo. 6 da., 2.80 Amount, $117.15 Less third payment, 50.00 Balance March 6, 1903, $67.15 Interest on $67.15 March 6 to Jan. 5, 9 mo. 29 da., 3.90 Due Jan. 5, 1904, ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ... $207.88 to Oct. 30, 5 mo. 10 da., 6.47 Amount, $214.35 Less second payment, 100.00 Balance Oct. 30, 1902, $114.35 Interest on $ 114.35 Oct. 30 to March 6, 4 mo. 6 da., 2.80 Amount, $117.15 Less third payment, 50.00 Balance March 6, 1903, $67.15 Interest on $67.15 March 6 to Jan. 5, 9 mo. 29 da., 3.90 Due Jan. 5, 1904, $71.05 Find the amount of the principal to the time when the payment or the sum of two or more payments equals or exceeds the interest. From this amount deduct the payment or sum of payments. Use the balance then due as a new principal, and proceed as before. 2. How much is due June 3, 1905, on a demand note for $1200, with interest at 6%, dated June 3, 1902, bearing indorsements of payment of $500, Sept. 18, 1903; $600, Jan. 3,1904? Note.--Anything written on the back of a document is called an indorsement. Payments made are usually written on the back of the notes. 3. A demand note for $ 600, bearing interest at 5 %, was given Feb. 18,1902. A payment of $ 250 was made May 28,1903; one of $ 150 was made Oct. 8,1903. How much is due Jan. 23,1905? 4. A note for $2000, with interest at 7%, was dated April 15,1901. Indorsements were made as follows: $ 50, Sept. 20,1901; $ 100, May 26,1902; $ 1000, June 20, 1903. How much is due Dec. 27,1904? Face of note, $ 2000.00 Interest from April 15 to Sept. 20, 1901, 5 mo. 5 da., 60.28 Amount due Sept. 20, 1901, $2060.28 If the $ 50 payment were deducted, and interest computed on the balance, $2010.27, the maker would be charged interest on $ 10.27 more than the face of the note, and this the law does not allow. Interest is taken on $ 2000 until next payment, May 26, 1902, 8 mo. 6 da., 95.67 Amount due May 26, 1902, $2155.95 As the two payments are not large enough to meet the interest now due, the interes...
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Add this copy of New Grammar School Arithmetic, Volume 1 to cart. $56.33, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Nabu Press.
