72 



THE HOME, FARM AND BUSINESS CYCLOPEDIA. 



801. 1st. Find the dates the bills are due, and write the same on a 

 slip of paper, with the amounts opposite. 



8955. 2nd. Take the bill latest due as the basis upon which to work. 

 It is advisable to indicate this " basis " by boxing it, or drawing a line 

 around it. 



893. 3rd. Find the number of days each bill falling due previous to 

 the " basis " has to run from its date due, up to the " basis," and compute 

 interest on same at the rate of one per cent, per month, calling a month 

 30 days ; after which, find the sum total of these several interest 

 amounts. 



89-1. 4th. Find thejsum total of all the bills ; then cut off or draw a 

 line through the cents and the unit number of the dollars. After which 

 divide this amount by 3, place the decimal point two places to the left in 

 the product thus found, which will give the interest on the total amounts 

 of the bills for one day at one per cent, per month. 



895. 5th. Divide the sum total of the interest due on all the bills as 

 found in 893, by the interest on all the bills for one day as found in 894, 

 and the product thus found will be the number of days to count backward 

 from the " basis " (892) to find the average date of payment, or the date 

 all the bills fall due by equation. 



896. 



ILLUSTRATION. JOHN MACDONALD. 



(See 891 and 892.) (See 893.) 



March 6, 

 Feb'y 19, 

 | May 15, 

 May 5, 



(See 894) 



$200 



150 



320 



230 



3)9010 



.39 



70 days, $4.69 



85 " 4.25 



10 days, 76 



30)9^8 (See 895) 

 32 



This gives 32 days to count backward from the "basis" (May 15) to 

 find the average date the bills are due, which is April 13th. 



