This section is from the book "Hill's Manual Of Social And Business Forms: A Guide To Correct Writing", by Thos. E. Hill. Also available from Amazon: Hill's Manual Of Social And Business Forms: The How-To-Do-Everything Book Of Victorian America.
Showing Accumulations of Interest on Moneys for Days, Months and Years.
On the following page will be found several valuable Interest Tables, giving the principal legal rates of interest as adopted by the various
States in the Union, and the means by which the interest, at any rate, on any amount of money, can be almost instantly computed.
By reference to the table on the following page, the time or number of days, months, and years, will be found at the top of the columns ; and the amount of money upon which interest is computed, in the left hand column.
Thus: If we wish to find the interest on $1,108 for one year, 3 months, and 29 days, at 7 per cent we trace from amounts towards the right, and from time, downwards; resulting as shown in the accompanying example.
EXAMPLE. | |||||
Inter'st | on $1000 | for 1 | year at 7 | per cent | . $70.00 |
" | " 100 | " 1 | " " 7 | " " | 7.00 |
" | " 8 | " 1 | " " 7 | " " | 56 |
" | " 1000 | " 3 | m'hs " 7 | " " | 17.50 |
" | " 100 | " 3 | " " 7 | " " | 1.75 |
" | " 8 | " 3 | " " 7 | " " | 14 |
" | " 1000 | "29 | days " 7 | " " | 5.64 |
" | 100 | "29 | " " 7 | " " | 56 |
" | 8 | "29 | " " 7 | " " | 05 |
Interest on the Amount........................ | $103.20 |
To find the interest for more than one year multiply by the number of years. For $20, $40, $60, etc., multiply the interest on $10, by 2, 4, and so on. The same rule applies for hundreds or thousands. The interest at five per cent is one-half of ten per cent; hence, divide by 2. The interest at 12 per cent is double 6 per cent, hence, multiply by 2. Other rates will be found thus by division and multiplication.
DAYS. | MONTHS. | Year. | |||||||||||||||||||||||||||||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 16 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 23 | 29 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 1 | |
Am't | INTEREST | ||||||||||||||||||||||||||||||||||||||||
$1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 8 | 4 | 4 | 5 | 5 | 6 | 6 | ||
$2 | 0 | 0 | I | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | I | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 6 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
$3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 6 | 8 | 9 | 11 | 12 | 14 | 16 | 17 | 18 | |
$4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 6 | 8 | 10 | 12 | 14 | 16 | 18 | 20 | 22 | 24 |
$5 | II | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | l | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 8 | 10 | 13 | 15 | 18 | 20 | 23 | 25 | 28 | 30 |
$6 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | J | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 9 | 12 | 15 | 18 | 21 | 24 | 27 | 30 | S3 | 36 |
$7 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 | 11 | 14 | 18 | 21 | 25 | 28 | 32 | 36 | 39 | 42 |
$8 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 8 | 12 | 16 | 20 | 24 | 28 | 32 | 36 | 40 | 44 | 48 |
$9 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 9 | 14 | 18 | 23 | 27 | 32 | 36 | 41 | 45 | 50 | 54 |
$10 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 5 | 6 | 10 | 15 | 20 | 25 | 30 | 35 | 40 | 45 | 50 | 55 | 60 |
$100 | 2 | 3 | 5 | 7 | 8 | 10 | 12 | 13 | 15 | 17 | 18 | 20 | 22 | 23 | 25 | 27 | 28 | 30 | 32 | 33 | 35 | 37 | 38 | 40 | 42 | 43 | 45 | 47 | 48 | 50 | 1.00 | 1.50 | 2.00 | 2.50 | 3.00 | 3.50 | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 |
$1,000 | 17 | 33 | 60 | 67 | 83 | 1.00 | 1.17 | 1.83 | 1.50 | 1.67 | 1 83 | 2.00 | 2.17 | 2.33 | 2.50 | 2.67 | 2.83 | 300 | 3. 17 | 3.33 | 3.50 | 3.67 | 3.83 | 4.00 | 4.17 | 4.33 | 4.50 | 4.67 | 4.83 | 5.00 | 10.00 | 15.00 | 20.00 | 25.00 | 30.00 | 35.00 | 40.00 | 45.00 | 50.00 | 55.00 | 60.00 |
DAYS. | MONTHS. | Year. | |||||||||||||||||||||||||||||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 0 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 1 | |
Am't. | INTEREST | ||||||||||||||||||||||||||||||||||||||||
S1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 4 | 5 | 5 | 6 | 6 | 7 |
$2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 6 | 6 | 7 | 8 | 9 | 11 | 12 | 13 | 14 | |
$ 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 1 | 1 | Z | 2 | 2 | 2 | 2 | 4 | 5 | 7 | 9 | 11 | 12 | 14 | 16 | 18 | 19 | 31 |
$4 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 6 | 7 | 9 | 12 | 14 | 16 | 19 | 21 | 23 | 26 | 28 |
$5 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 6 | 9 | 12 | 16 | 18 | 20 | 23 | 26 | 29 | 32 | 36 |
$6 | 0 | 0 | 0 | 0 | 1 | l | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 | 11 | 14 | 18 | 21 | 25 | 28 | 32 | 35 | 39 | 42 |
$7 | 0 | 0 | 0 | 1 | 1 | l | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 | 12 | 16 | 20 | 25 | 29 | 33 | 37 | 41 | 45 | 49 |
$8 | 0 | 0 | 0 | 1 | 1 | l | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 9 | 14 | 19 | 23 | 28 | 33 | 37 | 42 | 47 | 5l! | 66 |
$9 | 0 | 0 | 1 | 1 | 1 | l | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 5 | 5 | 11 | 16 | 21 | 26 | 32 | 37 | 42 | 47 | 63 | 68 | 63 |
$10 | 0 | 0 | 1 | 1 | 1 | l | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 5 | 6 | 6 | 12 | 18 | 23 | 29 | 35 | 41 | 47 | 63 | 58 | 64 | 70 |
$100 | 2 | 4 | 6 | 8 | 10 | 12 | 14 | 16 | 18 | 19 | 21 | 23 | 25 | 27 | 29 | 31 | 33 | 36 | 37 | 39 | 41 | 43 | 46 | 47 | 49 | 61 | 63 | 64 | 5G | 68 | 1.17 | 1.75 | 2.33 | 2.92 | 3.50 | 4.08 | 4.67 | 5.26 | 6.83 | 6.42 | 7.00 |
$1.000 | 19 | 38 | 68 | 78 | 07 | 1.17 | 1.36 | 1.66 | 1.76 | 1.94 | 2.14 | 2.33 | 2.53 | 2.72 | 2.92 | 3.11 | 3.31 | 3.60 | 3.69 | 3.89 | 4.08 | 4.2S | 4.47 | 4.67 | 4.86 | 5.06 | 5.25 | 6.44 | 5.64 | 5.83 | 11.67 | 17.60 | 23.33 | 29.17 | 36.00 | 40.83 | 46.67 | 52.60 | 68.33 | 64.17 | 70.00 |
DAYS. | M 0NTHS. | Tear. | |||||||||||||||||||||||||||||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 20 | 27 | 26 | 29 | 1 | 2 | 3 | 4 | 6 | 6 | 7 | 8 | 9 | 10 | 111 | 1 | |
Am't | I | NT | ER | EST | |||||||||||||||||||||||||||||||||||||
$1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | o | 0 | 0 | () | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 5 | 5 | 6 | 7 | 7 | 8 |
$2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 5 | 7 | 8 | 9 | 11 | 12 | 13 | 15 | 16 |
$3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 6 | 8 | 10 | 12 | 14 | 16 | 18 | 20 | 22 | 24 |
$4 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 6 | 8 | 11 | 13 | 16 | 19 | 21 | 24 | 27 | 29 | 32 |
$5 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 | 10 | 13 | 17 | 20 | 23 | 27 | 30 | S3 | 37 | 40 |
$6 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 8 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 8 | 12 | 16 | 20 | 24 | 28 | 32 | 36 | 40 | 44 | 48 |
$7 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 8 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 0 | 14 | 19 | 23 | 28 | 33 | 37 | 42 | 47 | 51 | 56 |
$8 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 11 | 16 | 21 | 27 | 32 | 37 | 43 | 48 | 53 | 59 | 64 |
$9 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 12 | 18 | 24 | 30 | 36 | 42 | 48 | 54 | 60 | 66 | 72 |
$10 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 13 | 20 | 27 | S3 | 40 | 47 | 53 | 60 | 67 | 73 | 80 |
$100 | 2 | 4 | 7 | 9 | 11 | 13 | 16 | 18 | 20 | 22 | 24 | 27 | 29 | 31 | 33 | 36 | 38 | 40 | 42 | 44 | 47 | 49 | 51 | 53 | 56 | 58 | 60 | 62 | 64 | 67 | 1.33 | 2.00 | 2.67 | 3.33 | 4.00 | 4.67 | 5.33 | 6.G0 | 6.67 | 7.33 | 8.00 |
$1,000 | 22 | 44 | 67 | 89 | 1.11 | 1.33 | 1.56 | 1.78 | 2. 00 | 2.22 | 2.44 | 2.67 | 2.89 | 3.11 | 3.33 | 3.66 | 3.78 | 4.00 | 4.22 | 4.44 | 4.67 | 4.89 | 6.11 | 5.33 | 6.66 | 5.78 | 6.00 | 6.22 | 6.44 | 6.67 | 13.33 | 20.00 | 26.67 | 33.33 | 40.00 | 46.67 | 53.33 | 60. O0 | 66.67 | 73.83 | 80.00 |
D A YS . | MONTHS. | Tear. | |||||||||||||||||||||||||||||||||||||||
i | 2 | 3 | 4 | 6 | 8 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | }* | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 1 | |
Am't | I | NT | ER | EST | T. | ||||||||||||||||||||||||||||||||||||
*1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 6 | 6 | 7 | 8 | 8 | 9 | 10 |
$2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | l | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 5 | 7 | 8 | 10 | 12 | 13 | 15 | 17 | 18 | 20 |
$3 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | i | 2 | 2 | 3 | 5 | 8 | 10 | 11 | 15 | 18 | 20 | 23 | 25 | 28 | so: |
$4 | 0 | 0 | o | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 8 | 3 | 3 | 3 | 3 | 3 | 8 | 7 | 10 | 13 | 17 | 20 | 23 | 27 | 30 | 33 | 27 | 40 |
$5 | 0 | 0 | \ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 | 18 | 17 | 21 | 25 | 29 | 3.3 | 38 | 42 | 60' | |
$6 | 0 | 0 | l | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 8 | 8 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 5 | 6 | 10 | 15 | 20 | 25 | 3O | 35 | 40 | 45 | 50 | 55 | 60' |
$7 | 0 | 0 | l | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 5 | 5 | 6 | 6 | 12 | 18 | 23 | 29 | 35 | 41 | 47 | 63 | 58 | 64 | 70' |
$8 | 0 | 0 | l | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 0 | 6 | 6 | 6 | 0 | 7 | 13 | 20 | 27 | 33 | 40 | 47 | 53 | 60 | 67 | 73 | 80; |
$9 | 0 | 1 | l | 1 | 1 | 2 | 2 | < | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 5 | 6 | C | 6 | « | 7 | 7 | 7 | 7 | 8 | 15 | 23 | 30 | 38 | 46 | 53 | 60 | 68 | 75 | 83 | 90 |
$10 | 0 | 1 | l | 1 | 1 | 2 | 2 | 2 | 3 | 8 | 3 | 8 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6. | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 17 | 25 | S3 | 42 | 60 | 58 | 67 | 75 | 83 | 92. | 1.00 |
$100 | 3 | 6 | 8 | 11 | 14 | 17 | 19 | 22 | 25 | 28 | 31 | 33 | 30 | 39 | 42 | 44 | 47 | 50 | 63 | 56 | 58 | 61 | 64 | 67 | 69 | 72 | 75 | 78 | 81 | 83 | 1.67 | 2 50 | 3.33 | 4.17 | 6.00 | 6.83 | 6.67 | 7.50 | 8.33 | 9.17 | 10.00 |
$1.000 | 28 | 56 | 83 | 1.11 | 1.39 | 1.G7 | 1.94 | 2.22 | 2.50 | 2.78 | 3.06 | 3.33 | 3X1 | 3.89 | 4.17 | 4.44 | 4.72 | 5.00 | 5.28 | 5.56 | 5.83 | 6.ll | 6.39 | 6.67 | 6.94 | 7.22 | 7.50 | 7.78 | 8.06 | 8.33 | 16.67 | 25.00 | 33.33 | 41.67 | 50.00 | 58.33 | 66.67 | 75.00 | 83.33 | 91 67 | 100.00 |
 
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