EXAMP. 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 | ||
| 16... 20 | ||
| 22 10 00 | ||
| 16 8 | ||
| 63 2 | ||
| 36 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. |
| 2279.625 |
If the agio only be required, make the agio the middle term, thus:
Guil. fl. pen.
As 100 : 3½ :: 2210 : 69 1 4 agio. Or work by practice as above.
PROB. II. To reduce current money to bank money.
RULE. As 100 + agio to 100, so the given guilders to the answer.