Everyday Arithmetic Volume 3

Everyday Arithmetic Volume 3

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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. 1920 edition. Excerpt: ...postal savings card bears blank spaces in which the stamps may be affixed from time to time. A postal savings card with nine postal savings stamps affixed may be exchanged at any time for a dollar certificate. Interest at the rate of 2 per cent per annum is allowed on the value of each certificate, payable annually, beginning with the first day of the month next following that in which the deposit is made. Interest is not paid for any fraction of a year, and compound interest is not allowed. A depositor may. at any time withdraw the whole or any part of the deposits to his credit, with any interest payable thereon, by indorsing certificates for the amount that he wishes to withdraw. A depositor may exchange postal savings certificates amounting to $20, or any multiple of $20 up to $500, for United States bonds bearing interest at 2% a year. Without pencil. 1. A girl, with her savings, filled a postal savings card each month. What certificates of deposit could she purchase with her savings during a year? 2. At the end of the second year, this girl had certificates of deposit to the amount of $24. What interest did she receive on this amount during the following year? 3. How long would it require for a postal savings deposit of $10 to earn sufficient interest to purchase a $1 certificate? 4. What interest would be earned by three $100 certificates in 10 years? 5. What interest would be derived in 10 years from $200 in United States postal savings bonds, paying 2%, not including the interest on this income? With pencil. 6. Having opened an account in a postals savings bank, George made deposits in one year as follows: Dec. 31, $8; Jan. 28, $2; Feb. 8, $5; Apr. 3, $10; July 17, $3; Aug. 31, $12; Oct. 5, $6. How much money, including interest, did he...show more

Product details

  • Paperback | 76 pages
  • 189 x 246 x 4mm | 154g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236603753
  • 9781236603753