645.1500 = ¿£645 3 0
6. To find (p) the principal—
(by Art. 4.) s = p (1 + in)
dividing each side of this equation by 1 + in
^ 1 + in
Rule. Multiply the interest of ¿£l for one year by the number of
years, add one to the product, and divide the amount by the sum.
Example. B returns A ¿£645 3 0 principal and interest, for the
loan of a sura for 5 years at 4 per cent; what was the sum advanced ?
s = 645.15
n — 5
.04
5
.2
1 + in = 1.2) 645.15
s
1 + in
— 537.625 = ¿£537 12 6
7. To find (n) the number of years,
(by Art. 4) s = p + inp
CArithmetic and Alg., 109) by transposition, inp = s — p
dividing each side by ip, n
V
ip
Rule. Multiply the interest of £l for one year by the principal,
and divide the difference between the principal and the amount, by the
product.
Example. In how many years will £537 12 6 amount to £645 3 0
at 4 per cent simple interest ?
p — 537.625 i = 645.15 ¿=.04
537.625 645.15
.04 537.625
ip = 21.50500)
107.525(5 years
107 525
the
inte:
per
E
amoi
9.
the
may b
£300
decimal
10. Is
it become
The pn
* The decimal parts of a pound corresponding to any number of shillings and
pence may he found by referring to Table 1.
11. To :