Cwt. qrs. lb. 8 3 20 35 28 Suttle 962 925 lb, neat. 300 70 1000 lb. gross. 38 lb, tare. per 104 lb.? 962 lb. suttle. -2. What is the neat weight of 17 chests of sugar, weighing 120 cwt 2 qrs. gross ;-tare 176 lb.-tret 4-lb. Ans. 12808 lb. or 114cwt. I qr. 12. Ib. 3. What is the neat weight of 5 hogsheads of sugar, each.10 cwt. Iqr. 20 lb. gross ;-tare 3 qrs. 25 lb. per hhd. 3 -tret 4 lb. per 104 lb. ? Ans. 45 cwt. 1 qr. 24 lb. APPLICATION. 1. What is the value of 24 hogsheads of tobacco, at 1 L. 10s. 6 d. per cwts; each hogshead weighing 6 cwt. 2 qrs. 17 lb. gross ;-tare in all 17 cwt. 3 qrs. 27 lb. ? Ans. 216 L. 08. 4d. 2. Bought 5 bags, of coffee at 25 cts. per lb. each bag weighing 95 lb. gross ;-tare in the whole 10 lb. what is the amount ? Ans. $116.25. 3. What is the amount of 30 casks of raisins, at 87.35 per cwt ; each cask weighing 2 cwt. 3 qrs. 12 lb. gross ; : -tare 21 lb. cask? Ans. $588.65š 4. What is the value of 10 casks of allum, at 235. 4d. per cwt.; the whole weighing 33 cwt. 2 qrs, 15 lb. gross ; -tare 15 lb. Ans. 37 L. 13s. 6 d. 5. Sold 12 butts of currants, at $9.20 per cwt. each butt weighing 7 cwt. 1 qr. 10 lb. gross ;-tare 16 lb. per cwt. what is the amount ? Ans. 8 694.51 6. What is the amount of 8 hogsheads of sugar, at 72s. 6d. per cwt. each hogshead weighing 8 cwt. 3 qrs. 7 lb. gross ;-tare 12 lb. per cwt. ? Ans. 228 L, 3s. 7 d. per per cask? SIMPLE INTEREST. Interest is a consideration allowed for the use of money ; relative to which are four particulars, viz. First. The principal, or sum at use. Third. The rate per cent. or interest of 100 pounds, or dollars, for one year. Fourth. The amount, which is the sum of the principal and interest. CASE 1. When the time is one year, and the rate per cent. is pounds or dollars only. RULE.* Multiply the principal by the rate per cent. and divide the product by 100. PROOF. EXAMPLES. 1. What is the interest of 525 L. for 1 year, at 6L. per cent. per annum ? Ans. 31 L. 10s. 2. What is the interest of 650 L. 15s. for 1 year, at 6 L. per cent. per annum? (1) (2) 525 L. 6 650 15 6 39|04 10 20 š. 1000 090 8. 12 10/80 3/20 * This rule agrees with th, Single Rule of Three, except that the stating required by that'rule is omitted in this. 3. What is the interest of 500L. for one year, at 6L. per cent. per annum? Ans, 30L. 4. What is the interest of 1000L. for one year, at 7L. per .cent. per annum?, Ans. 70L. 5. What is the interest of 350L, 17s. 8d. for one year, at 6L. per cent. per annum ? Ans. 21L. Is. 01d. 6. What is the interest of 220L, for one year, at 4L. per cent. per annum? Ans. 8L. 16s. 7. What is the interest of 76L. for one year, at 5L. per cent. per annum ?* Ans. 3L.' 16s. 8. What is the interest of 270L. 10s. 6d. for one year, at 5L. per cent. per annum? Ans. 13L. 10s. 6 d. 9. What is the interest of 542 dollars for one year, at 6 dollars per cent. per annum? Ans. $ 32.52. 542 6 $32.52 10. What is the interest of 756 dollars for one year, at 7 dollars per cent. per annum ? Ans. $ 52.92. 11. What is the interest of 600 dollars for one year, at 5 dollars per cent. per annum? Ans. $ 30.00. 12. What is the interest of $ 438.25 for one year, at 6 dollars per cent. per annum? Ans, 26 dols. 29 cts. 5m. or $26.292. 438.25 Or thus : 6 438.25 6 $26.29.510 29150 10 5100 13. What is the interest of $322.71 for one year, at 5 dollars per cent. per annum ? Ans. $16.132 14. What is the interest of $75.95 for one year, at 7 dollars per cent. per annum? Ans. 85.131 + Note.--When the amount is required, add the principal to the interest. a 1 3 15. What is the amount of 173L. 17s. 8 d. for one year, at 7L. per cent. per annum ? Ans. 186L. Is. 1 d. 16. What is the amount of a bond, for 756 dollars, for one year, at 6 dollars per cent. per annum ? Ans. 8801.36. CASE 2. When there is a fraction, as 1 j , &c. in the rate per cent. RULE. Multiply the principal by the pounds or dollars of the rate per cent.; to the product add i, j, or , &c. of said principal, and divide the result by 100, as in the foregoing case, EXAMPLES 1. What is the interest of 432L. 10s. for one year, at 5 L. per cent. per annum? Ans. 23L, 155. 9d. 2. What is the interest of 428 dollars for one year, at 61 dollars per cent. per annum ? Ans. $26.75. (1) (2) L. Dols. 10 1428 51 61 | 432 9100 3. What is the interest of 216L. 5s. for one year, at 5 L. per cent. per annum? Ans. l’L. 17s. 101d. 4. What is the interest of 500L. for one year, at 6.1L. per cent. per annum ? Ans. 31L. 5s. 5. What is the interest of 855L. 17s. 6d: for one year, at 5L. per cent. per annum? Ans. 49L. 43. 3d. 6. What is the interest of 300 dollars for one year, at 61 dollars per cent. per annum? Ans. $19.75. CASE 3. When the interest of a given sum for several years, is required. RULE. Multiply the interest of the given sum for one year, by the number of years given. PROOF. EXAMPLES. 1. What is the interest of 700 dollars for 5 years, at 6 dollars per cent. per annum? Ans. $210.00, 700 6 Interest for one year $ 42.00 5 Interest for 5 years $ 210.00 2. What is the interest of 750L. for 3 years, at 6L. per cent. per annum? Ans. 135L. 3. What is the interest of 375L. 10s: 6d. for 4 years, át 7L. per cent. per annum ? Ans. 105L. 2s. 11d. 4. What is the interest of 353L. 65. 3d. for 9 years, at 6L. per cent. per annum? Ans. 158L. 19s. 9 d. 5. What is the interest of $ 438.25 for 5 years, at 6 dollars per cent. per annum? Ans. 131.47 6. What is the interest of 1000L. for 4 years, at 6L. per cent. per annum ? Ans. 250L. 7. What is the interest of 1711L. 15s. for 2 years, at 5.L. per cent. per annum? Ans. 196L. 17s. 8. What is the interest of 320 dollars for 6 years, at 52 dollars per cent. per annum ? Ans. $105.60. 9. On a mortgage for 1256 dollars there is 4 years interest due, at 6 dollars per cent. per annum, which is to be paid with the principal; what sum will discharge the debt? Ans. $ 1557.44. CASE 4. When the given time is months, weeks, or days, less, or more than a year. K 4 |