6. A watch that cost 15 guineas in London, was fold in Boston at 50 per cent. advance on the Sterling coft, what was the price? 15 guineas=£.15 15 o Sterling 2 31 10 o Maffachusetts 3)31,5 Anf. 105 dollars. 7. How much is the premium of infuring £.294 at 8 guineas per cent. ? Anf. £.24 13 II Mercantile Methods of calculating, viz. At 25 per ct. difc. from the sterl. coft, multiply it by 1 10 par 124 per ct. adv. on the fterl. coft, multiply it by 1 25 for the ans. in 1 [Maff. money. The money of account as in England, but different in value. The par between England and Ireland is 8 per cent. that is, £.100 Sterling money is £.108 6 8 in Ireland. Mercantile weights and measures, the fame as in England. The United States dollar is equal to 45. 10d. Irish. The English guinea is equal to 225. 9d. Irish. To reduce Irish money to Federal. RULE. Reduce the given fum to half pence, annex two cyphers to it, and then divide by 117, (the half pence in a dollar) and the quotient is the an/wer in cents. Or, reduce the Irish to Sterling, by deducting from it, and then work as for Sterling. RULE. Multiply the given fum by 117, reject two figures from the product to the right hand, and the remaining figures are the half pence in the given fum. 1. Change 1143 dols. 74 cts. to Irish. 114374 117 800618 114374 114374 2)133817/58 12)66908 20)5575 8 Anf. £.278 15 8 If the fum is dollars only, work by either of the following methods. 2. Change 1537 dollars to Irish. First method. 1537 at 4s. 101d. Second method. 1537 461 2 2 3 4 01/ Anf. £.374 12 10 T Maffachusetts is added to the fum for is deducted for Sterling, pence Irish, making the In changing Sterl. to Irish money at par, Irish; and in changing Irish to Sterling, because 12 pence English are equal to 13 Exchange id. in a fhilling, 15. 8d. in a pound, and £.8 6 8 per cent. I. cent. 2. EXAMPLES. Change .394 17 6 Sterling to Irish, at par, or £.8 per 12)394 17 6 Anf. £.427 15 71 Irish Change £.427 15 7 Irish money to Sterling, at 81 per cent. in favour of England. Anf. £.394 17 6 Sterling. Change £.370 Sterling to Irifh, at 9 per cent. 3. £. 100 : 109 :: 370 Anf. £.403 6 o Reduce £.403 6 Irish money to Sterling, at 9 per cent. Accounts are kept in Hamburgh in Marks, Shillings Lubs or Stivers, and Deniers. 12 grotes or pence Flemish make 1 filling Flemish. 20 fhillings Flemish 1 pound. The currency of Hamburgh is inferior to the bank money; the agio, or rate, is variable; May 14th, 1798, it was 20 per cent. in favour of the bank. The mark banco is 33 cents; (fee laws of the United States.) 1. EXAMPLES. Change 12843 marks to Federal, at 33 ets. per mark. 3333)12843 Anf. 4281 dollars. 2. In 4967 marks 8 ftivers banco, how many dollars, exchange. as above? To change Hamburgh money to Sterling. RULE. As the given rate is to one pound, fo is the Hamburgh fum to the Sterling required. 1. EXAMPLES. Change 2443 marks 9 ftivers to Sterling, exchange at 32s. 6d. Flemish per pound Sterling. 2. In 12093 marks 12 ftivers how many pounds fterling, exchange at 325. 3d. Flemish per pound Sterling ? Anf. £.1000. 3. In 4178 marks 2 ftivers how many pounds Sterling, exchange at 31s. 10d. Flemish per pound Sterling? Anf. £.350. 4. Change 1971 marks 13 ftivers to Sterling, exchange at 35s. 6d. Flemish per pound Sterling. Anf. £.148 2 4. To change Sterling to Hamburgh money. RULE. As I pound Sterling is to the given rate, fo is the Sterling fum to the Hamburgh required. EXAMPLES. 1. Change £350 Sterling to Hamburgh money, exchange at 315. 10d. Flemish per pound Sterling. Proving the anfwers in the preceding cafe will further exemplify this. To reduce Current to Bank money. RULE. AS 100 marks with the agio added, is to 100 bank, fo is the current money to the bank required. 1. cent. EXAMPLES. Change 560 marks 8 ftivers current to banco, agio at 18 per 18 100 118: 100 :: 560 8. Anf. 475 marks. |