Rensselaer Union, Volume 7, Number 44, Rensselaer, Jasper County, 22 July 1875 — Interest; How to Calculate it, and What it Will Do. [ARTICLE]

Int erest; How to Calculate it, and What it Will Do.

The following rules are simple and so true, according to all business usages, that every banker, broker, merchant or clerk should post them up for reference. There being no such thing as a fraction in it, there is scarcely any liability to error or mistake. By no other arithmetical process can the desired information be obtained by so few figures; per cent. — Multiply any .given number of dollars by the given numbei of days ot interest desired ; separate the right band figure and divide by six; the result is the true interest on such sum for such number of days at six per cent. • A’./zAZ per cent.— Multiply any given amount for the number of days upon wbich.it is desired to ascertain the'interest, aud divide by forty-five, the result will be the amount of interest of sum for the time required, at eight per cent. per cent.— Multiply as above, and divide by thirty-six, and the resist will be*ihe amount of interest at ten per cent - Win I it wid do.— ls a merchant or a saves only 2| cents a day, fi om the lime he is twenty-one until he is threescore and ten, the aggregate, with interest, will amount to $2,900; and a daily savitljFof, cents reaches the important sum of $39,000. A sixpence saved daily will provide a fund of s7^o0 —sufficient th purchase a good farm. There are lew employees who cannot save daily, by abstaining from the use of cigars, tobacco, liquor, etc., twice or ten times the ten cent piece. Every -person should provide for old age, and the man iii business who can save a dollar a day, will eventually find himself possessed of over SIOO,OOO. '