Consumers today may have been less willing to take on excess debt (credit card, car, house) if they understood basic math from an 1895 8th grade exam. The 6th question is about calculating interest.
Arithmetic (Time, 1.25 hours)
1. Name and define the Fundamental Rules of Arithmetic.
2. A wagon box is 2 ft deep, 10 feet long, and 3 ft. wide.
How many bushels of wheat will it hold?
3. If a load of wheat weighs 3942 lbs., what is it worth at 50cts/bushel, deducting 1050lbs.for tare?
4. District No. 33 has a valuation of $35,000.What is the necessary levy to carry on a school seven months at $50 per month, and have $104 for incidentals?
5. Find cost of 6720 lbs. coal at $6.00 per ton.
6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
7. What is the cost of 40 boards 12 inches wide and 16 ft.long at $20 per meter?
8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
9.What is the cost of a square farm at $15 per acre, the distance around which is 640 rods?
10. Write a Bank Check, a Promissory Note, and a Receipt.
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