13. Can you state a difference between stocks and bonds as to the rate of income received from each?

Bonds are redeemed at maturity. How about stocks?

If a railroad prove unsuccessful, which claims are first met, those of the stockholders or those of the bondholders?

14. Why is it necessary sometimes to employ a broker to purchase stocks or bonds? What is his fee called?

15. Mention some other persons, not owners, through whom buyers regularly make purchases.

16. What is the base in the following?

(a) Insurance; (b) taxes; (c) brokerage; (d) commission; (e) interest; (f) discount; (g) stocks; (h) bonds.

17. At $24.50 per thousand, what will have to be paid in taxes by the owner of property assessed at $18,750?

18. Mr. Cartwright owns a house and lot worth $36,000. The tax rate is 21%, and his tax bill is $540. What is the assessed value of the property? What per cent of the actual value is the assessed value?

19. If the property in the last problem were assessed at its real value, what should be the rate to make Mr. Cartwright's tax bill the same?

20. For insuring his property, Mr. Cartwright pays a yearly premium of $135. If the rate is 3%, for how much is his property insured?

21. Reduce 1,674 feet to rods, etc.

22. A man paid $8,575 for bank stock at 245. How many shares, par value $100, did he buy? If a quarterly dividend of 21% is declared, how much should he receive?

23. Reduce 7,481 inches to rods, etc.

24. A woman deposited $100 in a savings bank Jan. 1, 1892. On the first of July, interest at the rate of 4% per annum was

calculated, and entered on the depositor's bank book. Jan. 1, 1893, interest on the new principal was placed to the credit of the depositor. The same was done July 1, 1893. How much was there to the woman's credit at the date last mentioned?

25. Reduce 3,7.3 feet to rods, etc.

COMPOUND INTEREST.

983. Find the amount of $375, for 1 year, at 6%. Considering this as a new principal, find the amount for a year, same Find the amount of this last principal for 3 months.

rate.

26. What is the amount of $375, for 2 years 3 months, at 6%, compound interest?

27. What is the amount of $375, for 2 years 3 months, at 6%, the interest compounded semi-annually?

Find the "compound interest" on $375, for 2 years 3 months, at 6 per cent, compounded semi-annually.

28. What is the amount of $100, at compound interest, for 3 years, interest at 6%, compounded annually?

29. Find the compound interest of $1,800, at 4%, for 2 years, interest compounded quarterly.

30. Find the difference between the simple interest of $100, for 2 yr. 3 mo., at 5%, and the compound interest for the same time, interest compounded semi-annually.

$107.6891- (four places of decimals are sufficient.)

984. Compound interest is allowed by savings banks. It is not collectible on notes or other debts.

REVIEW.

985. Oral Problems.

1. A capitalist wishes to realize 5% on money invested in stock. What must be the annual dividend on stock costing 300, in order to produce this rate?

2. What will be the taxes on property assessed at $25,000, the rate being $16 per $1,000?

3. Find the compound interest on $1,000, for two years, at five per cent, interest compounded annually.

4. What will be the net cost of an article marked $8, on which a discount of 50, 25, and 10% is allowed?

5. Find the "list" price of an article sold for $10 after a discount of 50 and 50 per cent had been deducted.

6. Paid 90 for an article. The discount is 25 and 25 per cent. What is the list price?

7. One boy can do a certain piece of work in 2 hours, a second boy requires 3 hours, a third needs 6 hours. How long will it take the three working together?.

8. Sold a cow for $60, losing 25%. 9. Sold a cow for $60, gaining 25%.

What was the loss?
What was the gain?

10. Sold two horses at $240 apiece. On one I gained 20%, on the other I lost 20%. Did I gain or lose on both, and how much?

SUGGESTION. — $240 in the
The gain is 20%, which is
The loss in the other case is
Do not find the cost.

first case represents 120% of cost of horse. of selling price, or $40.

20%, which is what part of the selling price?

986. U. S. Civil Service. Meteorologic Clerk Examination. War Department. Signal Office.

1. Express the following in figures, using such signs, monetary or otherwise, as may be necessary:

(a) Five million three thousand seven, and four thousand one ten-millionths; (b) three million two hundred nine dollars thirtyseven cents two mills.

2. Express the following in words:

(a) XCIVCCXLVIII.; (b) $14,000,027.034; (c) 3,010,004.05007; (d) 6 T. 3 cwt. 7 lb. 5 oz. (Art. 444.)

4.09.

3. Divide 52.28178 by 3.0047, and multiply the quotient by

5. What is the length of a fence required to inclose a rectangular piece of ground 121 feet wide, containing one acre? (4,840 sq. yd. 1 acre.)

6. A grocer sells goods to a customer for $352, by weights averaging 15 ounces to the pound. He afterwards sells said customer goods for $320, by weights averaging 16 ounces to the pound. How much does the grocer make or lose by the false weights?

7. A merchant buys 42 gallons of alcohol, at $2.50 per gallon, and keeps it for three years. He then finds that he has lost 7 gallons by leakage and evaporation. Estimating the value of

money at 6 cent per per annum, how much per gallon must he

charge in order that he may realize the full amount of the cost, including the estimated interest.

8. The owner of £4,500 in English consols (3 per cents) sells them at 96, and invests the proceeds in 6 per cent $100 bonds which he buys at 108. What is the difference in dollars and cents between his income from the consols and from the bonds? (£= $4.85.)

9. What is the weight (in tons, cwt., etc.) of the water which fills a cistern 9 feet 8 inches long, 9 feet 4 inches wide, and 6 feet 9 inches deep, a cubic foot of water weighing 1,000 ounces? (1 ton = 2,000 lb.)

10. A grocer pays 18¢ per pound for coffee, and roasts it, losing 10% of the weight in the process. What must he charge per pound for the roasted coffee in order to make a profit of 20% ?

987. Boston Public Schools. Problems.

Examination Questions. Mental

1. What would be the cost of 2 bu. blueberries, at 5¢ per qt.? 2. What will 18 oranges cost, at 35¢ per doz.?

3. A man collected a bill of $300 for me, at 1% commission. How much was his commission?

4. A man put $15, which was 163% of his month's salary, in the bank. What was his month's salary?

5. If I sell for $4.50 a book which cost me $3, what per cent do I gain?

6. Out of 500 pupils, 50 are absent. What is the per cent of attendance?

7. A garden is 200 ft. long and 100 ft. wide. What will it cost to build a fence around it, at 50¢ a ft.?

8. What is the interest of $200, for 90 days, at 3%?

9. What cost 4 lb. 4 oz. of butter, at 16 a lb.?