Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-01-23
alin Id .Arsra-

SlCU oI1 AGsTs-.
Here, he resui; of msn,aI "p.:4un have writer
,s' c 0 Tie months IN ;he given wears oai mnaih'
IA Having nade this d-cmil !faci!oH by placing poln
tic l.ir hitd number uf days GAM
muuply The whole by half the given sum: tho pEuinc
shpHs the interest sought.
The rationale this process iaiy be Thus explained.
Is obvious thai lie ntecsi on aus sum -aS Eiver
tine, at Elk per Is equal 10 the interest ol hall mat
S50iuT the ;tuc nj twelve per cent. oH'
method therefore, pocrccs :e supp9sition that h5 aft
vi nIrrs' is twelve per aud a;rangs i1e
raj: for tie rtsle tine accprdnay This rate is Afterwards
rh ed Ia that u per ccnt oy computing X on hdV ne
prHcij,ul only above eNpiline!
NV Twelve cent per ann@rn hs!r twelve per cent
for t@er months, Is u course, equal u one per cent
ln.nth Hence interest Tor any line, is
JGs' us many per ce" "n hc iihcip' - 'rfe are H'n'
IN iat lime: Thus, The InercS "r on" EohH IS one pc'
ceGt five months i've per aud for three yeas and
eight mnnls, il j. tyour Per cent as 10 me eX !lIt
ubrrc BGi II the c Ia: which the interest Is - oc com!
pEcd, is rGu. 10 cacrchs hundred months t"e fii'
Will Z" c"aSc, b. 'qn'l ' of .f.aicr tnan h"niFe1 pei
cent which equals ds salt Consequently, when
tie ntrr vt entire months 'qGh'S, a" exceeds h"nned
the Two :ign hand figures On are 10 r nhtc: OH - rcc
miis leaving thc crs III: it 10 TefcsHn! whole num-
bcrs
The rate for The dlys roullrmcd this scheme as lo
lows "" have that rate per innnn Is one pei
ll00 Of tie principal Nav, one day, being 80
Of 80 days mnath II" Of interest per day mast be
l3O n'ch which i. l30 ii llJO, or 31O0 oi The pn
cpa. Fnr ny, II will ol Course, be three times rs
Inich 3.30j1 winch is % hl /" llUUJ =" dscmaly uOl
Iitncc every three days, .Ullih Is - b.
added 10 the ra already obtained r Tie given number o
months Or words, hiri nf tn" nnm.cr m days
in the given sun, .U0!ths ol tie prIa
cpa which ac mdtcd 10 The .Ulsiis. which l"n The
rate for the motifs Thus, the rate OF Interest lr te.
days is 0Ol tn. III The principals for SIX DAYS IL Is VJ-ts
for days )j33h; and flr twenty seven days
is 009lhs. III the illustrative example"
The bcn, ;hus ar:au,t Tor :e wnaic tme, at twelve
per per nnam, remains only 10 mH2v 'I' rate D?
hair The principal tls cxriiintd the acgnnin2) and wG
shall the interest Of the given sa 10: the g'cn ilc
A. six per cent. per annnl.
Having thus cxplliied the prnrip!s Of tf. method, we
NAV uow tic,.uce from them the following brlci
RI LE
RrpucE TIE YEARS MONTHS TO MoSTHs f'lSI
OFT Tivn FIGURES RIGHT FJR iEciMAis' Leaving
THE oTnC"s ar THERE ARE uTHEafi a. INTEGERS. II
THERE ARE SJr Twr FIGURES REPRESENTING MnSIhs SUP
rL, THE nsricc%CY crHEis ANNEX one THIRD W
yng Days TO THIS $rMGER AID AcLFiPLf II, THUS ~
CREASED gy HALF PRINCIPAL: The TRoprcT WILL DE
The INTEREST REQUIRED.
ScuoL,rM This simpl: and cGmPeniions 'neth1d I1Ey
oe equally wel! a. ip other :i.- -; interest "hH
ever rs taking, the Inap!ieT, such proportion 81 h'
principal te rrnIpSrt rate p"r annHn !s "i l. per c"a
rpr example: frr per cent. i"! aanun multiply hy en-"
rh!! Of tic principa for per hy thirds and io
per cent By thr:a-( Hc;'= \. }. l..
Pu,.:sL.~r. January l5 1852.