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. 1915 Excerpt: ...6%. 17. $1250, 30 da., 6%. 7. $375, 6 mo., 6%. 18. $2500, 60 da., 6%. 8. $400, 90 da., 6%. 19. $1500, 90 da., 6%. 9. $150, 60 da., 6%. 20. $1250, 90 da., 5%. 10. $400, 1 mo., 5 %. 21. $1750, 90 da., 6%. 11. $200, 60 da., 6%. 22. $2475, 30 da., 5%. Find the discounts and the proceeds on the following: 23. $875, 30 da., 6%. 29. $2565, 90 da., 5%. 24. $975, 90 da., 5%. 30. $3250, 90 da., 5 %. 25. $425, 30 da., 6%. 31. $4250, 30 da., 41%. 26. $2568, 60 da., 5%. 32. $325.50, 30 da., 6%. 27. $1250, 60 da., 6%. 33. $427.50, 60 da., 5%. 28. $1500, 90 da., 5%. 34. $237.50, 30 da., 5%. 35. Make out a 60-day note for $750, dated to-day, payable to John Doe's order at some bank. Discount it at 5%. 36. Make out a 30-day note for $675, dated to-day, payable to Richard Roe's order at some bank. Discount it at 6%. 37. Make out a 90-day note for $1250, dated to-day, payable to James Jameson's order at some bank of which you know. Discount it at 6%. 38. A man's bank account shows deposits of $37.50, $82.50, $75, $100, $50, $300, $40, $125, and $500; checks drawn, $13.75, $62, $5, $125.50, and $82.75. He needs $2000 to start him in business, and wishes to keep about $500 in the bank. How much money should he borrow, to the nearest $100? 39. If he makes out a note for the amount found in Ex. 38 for 90 da. at 6%, how much discount must he pay? What are the proceeds? What are the proceeds for 60 da.? 40. A merchant has to pay a debt of $1275 less 10%. He has in the bank $672.80, and has $127.50 in cash in his safe. He wishes to leave about $300 in the bank and about $65 in his safe. How much must he borrow, to the nearest $50? Discount the note for 30 da. at 6%. Teachers should from time to time call attention to the importance of estimating the answer in advance. 84. ...
