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Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit.
The Youth's Assistant in Theoretick and Practical Arithmetic - Page 104
by Zadock Thompson - 1826 - 164 pages

The Most General School-assistant: Containing, a Complete System of ...

Gilbert Dyer - 1770 - 240 pages
...Debtor or Creditor. --,'-•; , '• ,f. • 139. The tommon Rule is, Multiply each Sum of Money into the Time at which it is due, and divide the Sum of the Products by the whole Debt, for the * equated Time required. • • it ii -*•'-. '•• i_ • .. •• •-*•....

The Federal Arithmetic; Or, A Compendium of the Most Useful Rules of that ...

James Noyes - 1808 - 168 pages
...time, to pay at once, several debts due at different times, so that neither party may be a loser. RULE. Multiply each payment by the time at which it is due,...and divide the sum of the products by the sum of the payments; the quotient will be the equated time. EXAMPLES. 1. A owes B 228O dollars, to be paid as...

The American Tutor's Guide: Being a Compendium of Arithmetic. In Six Parts ...

James Thompson - 1808 - 176 pages
...the whole debt to do wflich the following is the common RULE — Multiply each payment by its time, and divide the sum of the products by the sum of the. payments ; the quoticut will be the equated tint«. EXAMPLES. 1. A. owes B. g600 to pay at 40 days,...

Adams's New Arithmetic: Arithmetic, in which the Principles of Operating by ...

Daniel Adams - 1810 - 190 pages
...find the mean time for several payments, — RUt.E : — Multiply each sum by its time of payment, and divide the sum of the products by the sum of the payments, and the quotient will be the answer. Note. This rale is founded on the supposition, that...

A System of Practical Arithmetic: Applicable to the Present State of Trade ...

Jeremiah Joyce - 1812 - 274 pages
...loss either to the holder or receiver. "Rtit'E. Multiply each payment by the time at which it becomes due, and divide the sum of the products by the sum •of the payments, and the quotient will be the medium time required. Ex. 1. I have to receive £967 in notes,...

A Complete System of Theoretical and Mercantile Arithmetic: Comprehending a ...

George G. Carey - 1818 - 602 pages
...disadvantage, either to debtor or creditor. RULE. Multiply each sum by the time it has to run, before it be due, and divide the sum of the products by the sum of the debU. The quotient is the equated time of payment*. EXAMPLE. A merchant owes £89., due this day, 1st...

Pantologia. A new (cabinet) cyclopædia, by J.M. Good, O. Gregory ..., Volume 4

John Mason Good - 1819 - 822 pages
...différent times, so that no loss shall be sustained by either party. '1 he rule commonly given is, lo multiply each payment by the time at which it is due;...and divide the sum of the products by the sum of the payments, for the time required. But this rule is not accurate, as was first »liown, we believe, by...

The Complete Practical Arithmetician: Containing Several New and Useful ...

Thomas Keith - 1822 - 354 pages
...each be reduced to the same denomination. Then, multiply each payment by the time at which it becomes due ; and divide the sum of the products by the sum of the payments, the quotient will be the time required. Note 1. As this Rule of Equation of Payments has...