Example 7. Which is better investment: the 3's at 91 or the 3's

Example 8. Find change in income by transferring £9473.424 stock from 3's at 95% to 4's at 1117.

9473-424 × 95÷100-£9047·120 money realised.

Int, on £9047.190 at 3 for 954)

or on £9473-424 at 3 p.c.

= £284.203.

9047-120 x 100-÷112= £8077.785 new stock.

Int. on £9047-120 at 41 for 112 or on £8077.785 at 41 p.c. 9047·120 × 3÷951= £284.203

95,527141-360 | 284.203

8041

}

= £363.500.

9047-120 × 4÷112 £363.500.

36188.48

4523.56

112 4071-204 | 363-500

4013

1936

260

Example 9. Find price of 31's so as to produce 7 p.c.

3.25 x 100÷7-325÷÷7-46.428

Brokerage •125

Ans. 46.553

1. Find the price of

(3)

EXAMPLES.

(1) £8000 stock in the 3 per cents. at 91. (2) £7120 stock in the 23 per cents. at 95. £8340 stock in the 3 per cents. at 93g. £812 stock in the 5 per cents. at 1211. (5) £7358 stock in the 8 per cents. at 161ğ. 2. Find stock purchasable by

(4)

3. Find the income of the above stocks in Q. 1 and 2.

4. Find the rates p.c. of the above investments in Q. 2. 5. Transfer the stocks in Q. 1 to the

(1) 31's at 96. (2) 3's at 971. (3) 4's at 997. (4) 33's at 94. (5) 51's at 122 respectively.

6.

7.

Which is the better investment in the above transfers ?

Find changes in the incomes of the same.

8. Find prices of all the percentages from 1 to 5, proceeding by halves, so as to gain 10 p.c. additional in each case.

9. Find the cost of purchasing the stated amounts of stock in these quotations

(1) £8000 Belgian 3 p.c. 1874, 96-98.

(2) £3000 Chilian 1886, 921-931.
(3) £5000 Greek 5 p.c. 1884, 79–80.
£2000 Brighton ord. 165–-167.
£4000 Gt. Eastern 89-901.

(6) 7000 Erie shares 273-28.

10. Find change in income from selling out £1000 stock of (1) District Preference 3 p.c. 89-91 and buying Midland 4 p.c. 1583-159.

(2) G. and S. W. 4 p.c. Pref. 125-127 and buying N. Staff. 41 p.c. 138-140.

(3) Baltimore 4 p.c. Gold Bonds 1081 and buying Chicago 5 p.c. Bonds at 111.

(4) Lambeth Waterworks 7p.c. 192-196 and buying Debenture Corp. 4 p.c. 105-109.

THE TABLE OF DAYS.

187

TABLE OF DAYS.

This table is for use in all questions requiring the number of days between two dates, viz. Interest, Discount, Bills of Exchange, Equated Payments, Cash Balances, etc.

Examples of its use.

1. No. of days between Feb. 17 and Aug. 13.

2. No. of days between Nov. 6, 1888, and March 10, 1889.