EXAMP. 1. London remits to Dublin 586 l. 10 s.
Sterling: How much Irish money will that amount to,
exchange at 9½ per cent.?
| L. | ||
| If 100 : 109½ | 586.5 | |
| 8 | 877 | |
| 800 : 877 | 41055 | |
| 41055 | ||
| 46920 | ||
| 800) | 514360.5 | |
| 642.950625 | ||
Ans. 642 l. 19 s. Irish.
By practice.
| 586.5 | ||
| p. cent. | ||
| 10 = 1/10 | 58.65 | |
| 2 = 1/5 | 11.73 sub. | |
| 8 = | 46.92 | |
| 1 = 1/4 | 5.865 | |
| 4/5 = 1/2 | 2.9325 | |
| 1/5 = 1/20 | .733125 | |
| 9½ | 56.450625 add. | |
| 642.950625 | ||
2. How much Sterling will 625 l. Irish amount to,
exchange at 10½ per cent.?
| L. s. d. | ||
| If 110½ : 100 | 625 | |
| 8 | 800 | |
| 883 | 800 883) | 500000(566 5 0½ Ster. Ans. |
THE several towns in Britain exchange with Lon-
don for a small premium in favour of London; such
as, 1, 1½, &c. per cent. The premium is more or less,
according to the demand for bills?