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Business Mathematics
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1 Basic Algebraic operations and application of these methodologies in business and Commerce. 2. Equations: simultaneous equations quadratic equation and application to business and commerce problems. 3 Sequence, Series or progression: (a) Arithmetic progression (b) Geometric Progression Application to business problem particularly in estimations and forecasting for future. 4 Matrix algebra: Addition, subtraction and multiplication inverse of matrix, Determinants, Minors and Co-factors, solution of linear equation with the help of matrices. Mathematics of Finance 5 Percentage of commission, brokerage, profits, and percentage of profit on cost and sales basis and trade discounts. 6 Simple interest, simple discount and present value of debts and amounts payable at the end of stipulated periods with simple interest method .Trade discounts and cash discounts, discounting of negotiable instruments .Maturity value of bill and notes and average due dates, of debits and notes payable. 7 Compound interest, compound amount, compound discounts, present value by compound formula, maturity values of notes and bill and average due dates. Depreciations of fixed assets: Trade in value or residual value and calculation of rates of depreciation with different methodologies approved by tax authorities. Calculation of interest rates –effective and equivalent interest. 8 Annuities: Ordinary annuities, annuities due sum of annuities, present value of annuities, terminal payment and equal payments- part of debt and payment of interest per period. |
| Credit hours/ Marks:- 3 |
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