THE NEW STUDENT'S REFERENCE WORK 2163
EXERCISE 16.
Miscellaneous problems.
1. A farmer raised 6750 bushels of corn from 150 acres of land, at an average of $6.35 per acre. How much will he gain if he sells the whole at 24e per bushel?
2. For how much coal at $6.75 per ton, will $119.50 pay!
3. A real estate dealer bought 78 acres of land for $3250, and sold it for $3500.50. How much did he gain per acre f
4. The last reading of my gas meter was 68500 cubic feet. The previous reading was 62800 cubic feet. At $1.05 a thousand find the amount of my bill.
5. If a boy earns $5.75 a week, how many weeks will it take him to earn $281.75 f
UNITED STATES MONEY.
10 mills=l cent (c) 10 dimes=l dollar ($)
10 cents=l dime 10 dollars=l eagle (E)
The coins of the United States are authorized by law.
They are,—
Gold, the double-eagle, eagle, half-eagle, quarter-eagle.
Silver, the dollar, half-dollar, quarter-dollar, dime.
Niekle, the five-cent piece.
Bronze, the cent.
Paper money in the form of treasury notes, bank notes, gold and silver certificates, is extensively used in place of coins.
The dollar, being the standard unit of value in the United States, is written at the left of the decimal point; dimes, cents, and mills, being tenths, hundredths and thousandths of the dollar, are expressed at the right of the decimal point.
The mill is not coined, but the term is used in speaking of the fractional part of a cent. In business transactions it is customary to regard 5 mills or more as 1 cent, and to omit less than 5 mills.
The terms eagle and dime are not much used. Eagles and dollars are read as dollars, and dimes and cents are read as cents. Thus, $65.274 is read sixty-five dollars, twenty-seven cents, four mills.
Eead the following as dollars, cents, and mills:
$ 8.436 $ 42.655 $ 0.426 $ 125.048
$25,406 $485.722 $148.329 $1250.581
