The American tutor's guide; being a compendium of arithmetic in six parts

9781236320698: The American tutor's guide; being a compendium of arithmetic in six parts
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1808 Excerpt: ... the quotient will be the answer in piastres. EXAMPLES. 58. How many piastres can I remit to Spain for g6403 75 cents, exchange at par! Ans. 8004p. Sr. 17 mar. 59. Sold my bill on Madrid for g666.068. Quere the amount in piastres, exchange at 84 cents! Ans. 800 p. Ar. 17 mar. EXCHANGE WITH PORTUGAL. The Portuguese keep their accounts in milrees and rees. Par in sterling. . s. d. q. ri ree = 0 0 0.27 400 rees unstamped I 1 crusado ofexchange, 2 3 0 480 rees stamped I 3 J 1 new crusado,--= 2 8 1.6 1000 rees f ft 1 milree,---.-= 572 4800 rees j lmoidore, =1 700 12800 rees--J U Johannes,.---=31200 The United States exchanges with Portugal at 125 cents more or less per milree. I. To change milrees to federal money. Rule--Multiply the milrees by the rate of exchange, and the product will be the answer in federal money. EXAMPLES. 60. Having received accounts from Lisbon that the sales of my wheat has neated 1933 milrees, 700 rees; how much will-it amount to in federal money if I value for the same when the exchange is at par. Ans. g2417.125. 61. What would have been the difference in federal money on the above sum had the bill been negotiated at 2 per cent under or 3 per cent above par I Ans. g 120.85625.. II. To change federal money to milrees. Rule--Divide the federal money by the rate of exchange, and the qviotient will be the answer in milrees, EXAMPLES. 62. Havingdrawn on Lisbon for g2417 12J cents, how many milrees will pay my bill when the exchange is at par. Ans. 1933 mil. 700 rees. 63. How many milrees of Portugal will g1000 amount to, when the exchange is at 122 cents per milree. Am. 816 Oti/. 326 ra. EXCHANGE WITH GENOA. In this city and its dependencies accounts are kept in denari, soldi, and lire or pezza. Lire money. Par in terr t. ...

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