MODE OF COMPUTING INTEREST

The mode of computing interest among the ancient Greeks appears to have been in many respects the same as that now prevailing in India, which has probably undergone no change from a very remote period. Precisely the same term, too, is used to denote the rate of interest, namely, τοκος in Greek and *taka* or *tuka* in the languages of Western India. Τοκοε επιδεκατοι in Greek, and *dus také* in Hindostanee, respectively denote *ten per cent*. At Athens, the rate of interest might be calculated either by the month or by the year—each being expressed by different terms (Böckh. *Pub. Econ. of Athen…