EXAMP. 1. London remits to Dublin 586l. 10s. sterling: How much Irish money will that amount to, exchange at 9½ per cent.

\begin{array}{rcl} & \text{L.} & \\ \text{If } 100 : 109\frac{1}{2} :: & 586.5 & \\ 8 & 877 & \\ \hline 800 : 877 & 410.55 & \\ & 410.55 & \\ & 469.20 & \\ \hline 800)514360.5 & & \\ & 642.950625 & \end{array}
\begin{array}{rcl} & 586.5 & \\ \text{p. cent.} & & \\ 10 = \frac{1}{10} & 58.65 & \\ 2 = \frac{1}{5} & 11.75 \text{ sub.} & \\ \hline 8 = & 46.92 & \\ 1 = \frac{1}{10} & 5.865 & \\ \frac{1}{2} = \frac{1}{20} & 2.9325 & \\ \frac{1}{4} = \frac{1}{40} & .733125 & \\ \hline 9\frac{1}{2} & 56.450625 \text{ add.} & \\ & 642.950625 & \end{array}

2. How much sterling will 625l. Irish amount to, exchange at 10½ per cent.?

\begin{array}{rcl} \text{If } 110\frac{1}{2} : 100 :: 625 & & \\ 8 & 800 & \\ \hline 883 & 800 883)500000 & 566 5 0\frac{1}{4} \text{ Ster. Ans.} \end{array}

The several towns in Britain exchange with London

for a small premium in favour of London; such as Exchange, 1, 1½, &c. per cent. The premium is more or less, according to the demand for bills.