EXAMPLE. What will 2210 guilders in bank-money amount to in Holland currency, the agio being 3½ per cent.?
| Guild. | ||
|---|---|---|
| As 100 : 103½ :: 2210 | ||
| 8 | 8 | 825 |
| 800 | 825 | 11050 |
| 4420 | ||
| 17680 | ||
| Guild. | fl. pen. | |
| 8|00 | 18232|50 | (2279 1 4 cur. |
| 16 | 20 | |
| 22 | 10|00 | |
| 16 | 8 | |
| 63 | 2 | |
| 56 | 16 | |
| 72 | 32 | |
| 72 | 32 | |
Or, by practice,
| 50)2210 | |
| 44.2 | = 2 per cent. |
| 22.1 | = 1 per cent. |
| 2.7625 | = ¼ per cent. |
| 2279.0625 |
If the agio only be required, make the agio the middle term, thus:
As 100 : 3½ :: 2210 : 69 1 4 agio. Or, work by practice, as above.
RULE. As 100+agio to 100, so the given guilders to the answer.