COMPOUND IN-y^REST. 203 



2. Consider this amount as the principal for the second 

 payment, whose amount calculate as before, and so on 

 through all the payments to the last, still accounting the 

 last amount as the principal for the next payment. 



EXAMPLES. 



r. What is the amount of 320I. los. for 4 years, at 5 

 per cent, per annum, compound interest ? 



389 II 4-^ whole amount, or the answer re^ 

 i^ulred. 



2. What is the compound interest of 760I. los. forborn 

 4 years at 4 per cent. ? 



Ans. 129I. 3s. 6^d. 



3. What is the compound interest of 410I. forborn for 

 2^- years, at 4— per cent, per annum ; the interest payable 

 half-yearly ? 



Ans. 48I. 4s. ii-|d. 



4. Find the several amounts of 50I. payable yearly, 

 half-yearly and quarterly, being forborn 5 years, at 5 per 

 cent, per annum, compound interest. 



Ans. 63I. 1 6s. 3-^d. 64I. and 64I. is. p^d. 



COMPOUND 



