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Home > Biographies & Memoire > Biography and non-fiction prose > Anthologies: general > How to Become Quick at Figures, Comprising the Shortest, Quickest and Best Methods of Business Calculations
How to Become Quick at Figures, Comprising the Shortest, Quickest and Best Methods of Business Calculations

How to Become Quick at Figures, Comprising the Shortest, Quickest and Best Methods of Business Calculations


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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. 1885 Excerpt: ...the result. INTEREST. This is the shortest and best rule for days that can be adopted, because it may be applied in any per cent and any number of days. The great superiority of this rule consists in its simplicity, and when once understood is not readily forgotten. Some accountants have a different rule for every per cent, many of which are not only apt to be forgotten, except by those who apply them daily, but are actually deduced from the above rule. In reckoning 360 days instead of 365 give's s, or TV, too much. But the difference is so small that in ordinary transactions it is not noticed. It is now universally adopted in all business transactions.' To find the accurate interest divide by 365 instead of 360. When the time is less than 1 month, the cents in the principal may be disregarded, because the interest on that sum for that time would not amount to a cent; when less than 2 months, all under 50 cents, when less than 3 months, all under 33, and so on. To illustrate we will give the table of divisors for the different per cents. Any sum multiplied by the time in days, and divided by the number opposite the per cent, will give the interest at that per cent. It will be observed that these divisors are obtained by dividing 360 by the rate per cent; and the student will have to retain in his memory a different divisor for every per cent when, by using 36, once for always INTEREST. he need remember but one. The great advantage of using 36 must at once be admitted. Some authors use 12 and 30 which, of course, is the same thing; we will now give a few solutions of problems as solved by the old method, and also by cancellation, that the student may perfectly understand them. Example 1.--What is the interest of $80 for 1 year, 5 months, and 12 days? 80 v 1 ...


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Product Details
  • ISBN-13: 9781231316054
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1231316055
  • Publisher Date: 14 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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