EXAMP. 1. London remits to Dublin 586l. 10s. Sterling: How much Irish money will that amount to, exchange at 9\frac{1}{2} per cent.?

L
If 100 : 586.5
8 877
800 : 41055
41055
46920
800) 514360.5
642.950625
Ans. 642l. 19s. Irish.

By practice.

586.5
p. cent.
10 = \frac{1}{10} 58.65
2 = \frac{1}{5} 11.73 sub.
8 = 46.92
1 = \frac{1}{10} 5.865
\frac{1}{2} = \frac{1}{2} 2.9325
\frac{1}{4} = \frac{1}{4} .733125
9\frac{1}{2} 56.450625 add.
642.950625

2. How much Sterling will 625l. Irish amount to, exchange at 10\frac{1}{2} per cent.?

L. s. d.
If 110\frac{1}{2} : 800
8 883
800 883)
500000(566 5 0\frac{1}{2} Ster. Ans.

THE several towns in Britain exchange with London for a small premium in favour of London; such as, 1, 1\frac{1}{2}, &c. per cent. The premium is more or less, according to the demand for bills?