Hull's Mental Arithmetic

Hull's Mental Arithmetic

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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. 1896 edition. Excerpt: ...of it; what per cent did he abate from his asking price? ffl. Insurance. The premium is the sum paid for insurance. The policy is the written agreement between the insurance company and the person insured. 1. What is the premium for insuring $2000 on a house, at 1 % 1 Solution.--At 1%, jjj of the amount insured equals the premium; TJj of $2000 is $20. Therefore, etc. 2. What is the premium for insuring a house for $5000, at 1J% a year? 3. A insured his store, worth $6000, for f of its value, at 1 % a year; what was the premium? 4. A house worth $9000 was insured for f of its value. at f %; what was the premium? 5. A merchant insured a cargo worth $8000 for f of its value. at 3J%; in case of shipwreck, what would be his actual loss? 6. A paid $25 for insuring $2500 worth of goods; what was the rate of insurance? 7. If I pay a premium of $90 for insuring my house, worth $4800, at f of its value, what is the rate of insurance? 8. A paid a premium of $100 for insuring his store, worth $10,000, at 80% of its value; what was the rate of insurance? 9. For what sum must a house, worth $5600, be insured at the rate of 2 %, so that, in case of loss, the owner may receive both the premium and of the value of the house? 10. A man insured his house for of its value, at a 2J% rate. The house was burned, and his loss. including the insurance premium, was $880; what was the value of the house? 11. A mill is insured for f of its value, at 1%; what is the value of the mill if the premium is $36? 12. B's store was insured for-fa of its value, at 2 %. The building was destroyed by fire, and his loss, including the premium paid, was $490; what was the value of the store? IV. Stocks. If the par value is not mentioned, it is understood to be $100 a...show more

Product details

  • Paperback | 36 pages
  • 189 x 246 x 2mm | 82g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 123661769X
  • 9781236617699