Question 1. On a mortgage for $3,125, dated July 5, 1880 (interest at 3-1/2 per cent), a payment of $840 was made April 23, 1881. What amount was due January 17, 1882?
Give operation in full.
Question 2. The Government sold an old vessel for $160,000, payable two fifths in eight months and the residue in seventeen months from the sale. What was the present cash value of the vessel, the current rate of interest on money being five per cent?
Give operation in full.
Question 3. Write a promissory note to be given by J. Brown to J. Smith, for 60 days, without grace, for $500, at 5 per cent interest, and state what amount will be due at maturity of the note.
Question 4. James X. Young, a contractor, had the following dealings with the Treasury Department: He furnished January 4, 1882, 14 tables at $16 each; June 6, 1882, 180 desks at $18.50 each; December 7, 1882, 150 chairs at $2 each, and July 18, 1883, 14 book-cases at $90 each. He was paid cash as follows: January 31, 1882, $224; June 30, $1,800; December 18, $300; and July 31, 1883, he was allowed on settlement $75 for cartage and charged $25 for breakages. State his account and show balance due.
FOURTH SUBJECT.
Question 1. State the meaning of tense and of mood, and explain the difference between them in the English language or grammar.
Question 2. Correct any errors you find in the following sentences:
The boy done it, and he is as restless here as he will be if he was with you.