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School Arithmetic for Grammar Grades

School Arithmetic for Grammar Grades


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About the Book

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. 1909 Excerpt: ...If he dies after paying 16 premiums, what per cent of the face of the policy has been paid in premiums? 3. If, in example 2, the insured had taken a 20-payment life policy, what per cent of the face of the policy would have been paid in premiums? 4. A young man at the age of 20 took out a 20-payment life policy for $2000. The dividends at the end of 20 years amounted to $142 per thousand. What was the net cost of this insurance at the expiration of this policy, if the interest on the premiums is not considered? 5. What is the premium on a 20-year endowment policy for $5000 at the age of 40? 6. The first annual premium on a 20-year endowment policy for $8000 amounts to $453.60. What is the age of the insured? 7. If a man 25 years old takes out a 20-term policy for $3000, how much will he have paid for his insurance at the close of the term? 8. A man at the age of 25 took out a 20-payment life policy for $1000. His dividends for the 20 years amounted to $150.45. What was the amount of his premiums, less the dividend? COMMERCIAL DISCOUNT 1. I owe a bill of-150 due in 60 days. As the creditor needs the money he offers to take $40 if I pay at once. What per cent is the reduction? On what is the reduction reckoned? 2. A catalogue lists goods at $1.00, $.50, $.25, subject to a discount of 20 %. Find the net price of each article. 3. In the above examples what numbers correspond to the base in Percentage? The fixed or list price of an article or the amount of an obligation is always considered the base. Commercial discount is a reduction from the fixed or list price of an article, or from the amount of a bill or obligation. 1. Trade discounts are reductions from the fixed or list price of an article at the time of sale. 2. Time discounts are reductions from a bill ...


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Product Details
  • ISBN-13: 9781130327137
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 72
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1130327132
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 145 gr

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