 | DeForest A. Preston, Edward Lawrence Stevens - Arithmetic - 1910 - 380 pages
...worth. $600 - $585.37= $14.63, true discount. PRINCIPLE. To find the present worth by true discount, divide the given amount by the amount of $1 for the given time and rate. 2. Find the bank discount and the proceeds for $600 due in 5 mo., discount at 6 %. (Compare this answer... | |
 | Edward Thomas Roe - Business - 1911 - 512 pages
...or $103.68. Rule. — Divide the amount of the debt at its maturity by one dollar plus its interest for the given time and rate and the quotient will be the present worth. Subtract the present worth from the amount and the remainder will be the true discount.... | |
 | Fletcher Durell, Elizabeth Hall - Arithmetic - 1912 - 404 pages
...(time X rate). Or p= r X t Note that if the amount is given instead of the interest, it is necessary to divide the given amount by the amount of $1 for the given time and rate. INTEREST 195 Ex. 2. What principal will amount to $263.50 in 4 years at 6%? Amount of $1 at 6% in 4... | |
 | James A. Lyons - Business mathematics - 1912 - 392 pages
...solution and explanation we have the following: To Find the True Discount a. Divide the face of the debt by the amount of $1 for the given time and rate, and the result will be the present worth. b. Subtract the present worth from the face of the debt and the difference... | |
 | James Charles Byrnes, Julia Richman, John Storm Roberts - Arithmetic - 1913 - 320 pages
...is as many as 242. RULE. To find the Principal when the Amount, Rate Per Cent, and Time are Given: Divide the GIVEN AMOUNT by the AMOUNT OF $1 for the given time, at the given rate. EQUATION. Principal = Amount -s- AMOUNT OF SI for given time at given rate. EXERCISES... | |
 | Eva F. Buker - 1915 - 436 pages
...take as many dollars to amount to $600 as $1.20 is contained times in $000, or 500. Answer : $500. Divide the given amount by the amount of $1 for the given time and rate. 8. 1. The amount is $992, the rate 8%, the time 3 yr. Find the principal. 2. The time is 4 yr., the... | |
 | Lee Kaufer Frankel, Louis Israel Dublin - Life insurance - 1915 - 242 pages
...$779.81, or $70.19. The rule is : DI VIDE the amount of the debt at its maturity by $1 plus its interest for the given time and rate, and the quotient will be the Present Worth; subtract the Present Worth from the Amount, and the remainder will be the True Discount.... | |
 | Edward Thomas Roe - Business - 1916 - 518 pages
...or $108.68. Ride.— Divide the amount of the debt at its maturity by one dollar plus its interest for the given time and rate and the quotient will be the present worth. Subtract the present worth from the amount and the remainder will be the true discount... | |
 | William James Milne - Arithmetic - 1895 - 476 pages
...$ 894.95. The debt $975.50 - $894.95 = $80.55, the true discount. RULE. — Divide the amount due, by the amount of $1, for the given time and rate, and the quotient will be the present worth. Subtract the present worth from the amount due, and the remainder will be the true discount.... | |
 | Daniel Barnard Hagar - Arithmetic - 1871 - 352 pages
...the following — 512. Rules for True Discount.— 1. Divide the face of the debt, or the given sum, by the amount of $1 for the given time and rate, and the result will be the present worth. 2. Subtract the present worth from the given sum, and the result... | |
| |
RULE. Divide the given amount by the amount of $1 for the given time and rate, and the quotient will be the principal required. 
