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A Textbook on the Teaching of Arithmetic

A Textbook on the Teaching of Arithmetic


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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. 1913 edition. Excerpt: ...there are four problems in simple interest. TEACHING ARITH.--10 Interest is frequently compounded semiannually and quarterly. When a note is compounded quarterly for a whole number of years, the interest remaining unpaid, there are as many problems in simple interest as there are quarters of a year in the number of years the note has run. If there are also months and days (less than 3 months), there is one additional problem. In the problem, "Find the interest on $ 860 for 1 yr. 7 mo. 9 da. at 9 % per annum, interest compounded quarterly," there is a chain of seven problems in simple interest, the last having 1 mo. 9 da. as the time element. In the first six problems the rate is i %, for 9 % a year is equivalent to 2 f0 for 3 mo. It is advisable to use ordinary multiplications, as in the following solution of the above problem, excepting for the last step. Solution: $860 The amount due at the end of 1 yr. 6 mo. is $982.83. Now 1.Q2 find the interest on $982.83 for 1 mo. 9 da. @ 9% per annum. 2 15 $4,914 1 mo. 1720.983 6 da. 860.491 3 da. It is not necessary to retain more than three decimal places in the above products in order to insure an answer correct to two places. Use of tables. Pupils should be taught how to use interest tables after they have learned to work simple and com pound interest without tables. The use of tables provides the same useful principles of proportion as illustrated in the proportion method of computing simple interest given above. Inverse problems. Generally speaking, inverse interest problems are of rare occurrence in business. It is seldom necessary to find the amount of money put at interest for a given time that will yield a specified interest. Other elements being given, it is equally rare to need to...


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Product Details
  • ISBN-13: 9781443299190
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 70
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1443299197
  • Publisher Date: 01 Jun 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 141 gr

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