This section is from the book "The Business Man's Encyclopedia", By 27 Experts. Also available from Amazon: The Business Man's Encyclopedia.
Then add 1-6 of itself for 7 per cent Then add 1-3 of itself for 8 per cent Then add 1-2 of itself for 9 per cent Then add 2-3 of itself for 10 per cent Subtract 1-6 of itself for 5 per cent Subtract 1-3 of itself for 4 per cent
Example: Find the interest on $150, at 9 per cent, for 1 year, 4 months, and 12 days:
Solution: $1.50 / 2 = .75 interest for 1 month, 1 year, 4 months, and 12 days -16.4 months.
.75 X 16.4 = $12.30, interest at 6 per cent 12.30 + 6.15 = $18.45, interest at 9 per cent N. B. - The $6.15 is one-half of $12.30.
 
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