...he was charged 4 per cent. ? Ans. §4882.50. * See Problem III. Arithmetical Progression. Relate or Discount. DISCOUNT is an allowance made for the payment of money before it becomes due, and is less than interest by the interest of the interest for the given time. Therefore, the present...

...rule for Compound 2. What is the rule for finding Com- I Interest by decimals ? pound Interest ? ' DISCOUNT is an allowance made for the payment of money before it becomes due, and is the difference between that sum, due some time hence, 'and its present worth. The present worth...

...are they to be disposed of? I How is Federal Money changed to Pennsylvania, &c, currency? DISCOUNT. a DISCOUNT Is an allowance made for the payment of money before it becomes due, and is the difference between that sum and its present worth. RULE. b As the amount of 100 dollars,...

...before it becomes due, according to a certain rate per cent, agreed on between the parties concerned. The present worth of any debt, not yet due, is so much money as, being put to interest, at a given rate per cent, till the debt become payable, will amount to a sum equal to the debt. KULE....

...before it becomes due, according to a certain rate per cent, agreed on between the parties concerned. The present worth of any debt, not yet due, is so much money as, being put to interest, at a given rate per cent, till the debt become payable, will amount to a sum equal to the debt. RULE....

...so the fourth term or answer will become increased, or diminished, in proportion to the second term. DISCOUNT, Is an allowance made for the payment of money before it becomes due, or upon advancing ready money on notes, obligations, &c., whichare payable af -orae future period....

...the principal. This problem forms the subject of the next article, under the head of Discount. XVI. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt, payable at a future period without interest, is that sum of money,...

...before it becomes due, according to a certain rait,1 per cent. agreed on between the parties concerned. The present worth of any debt, not yet due, is so much money as, being put to "interest, at a given rate per cent. till the debt become payable, will amount to a sum equal to the debt. fcYlE....

...in two years, at 7 ^er cent? ifAns. $724,70cts. 8ft. QUESTIONS ON DISCOUNT. What is discount ? A. It is an allowance made for the payment of money 'before it becomes due. On what rule is discount depending'? A. On the Rule of Three Direct. What rale do you observe in stating...

...anee made for the use of borrowed money, or for debts of any kind remaining unpaid after they are due. Discount is an allowance made for the payment of money before it is due. An allowance of a certain rate per cent, on any given sum, may be calculated by multiplying...