Chapter 2: Consumer Mathematics.
Chapter 2: Consumer Mathematics.
Video Lectures of Chapter 2
Chapter 2: Compound Interest
Chapter 2: Measures of Relative Position
We consume goods and services every day, may it be the breakfast you ate or your current Netflix subscription. We use mathematics in these real-life situations and will continue to do so in the future which is why we need to study how to maximize it. This is the concept of Consumer Mathematics. Consumer Math is the branch of mathematics that teaches learners how to apply basic mathematical concepts to their daily lives. It deals with teaching how to use techniques in real-life situations such as buying a car, banking, budgeting your money, investing, paying taxes, managing a household, and many more.
In this chapter, you will be able to gauge and understand how mathematics is used, particularly in handling money. It is vital to prioritize one’s financial well-being in one’s life to secure your future. Thus, you need to understand how to save, invest, borrow, and manage money efficiently and effectively.
Specifically, you shall be able to explore the following concepts and topics:
Investing, especially about saving accounts, stocks, and bonds,
Borrowing, involving loans and loan repayment, and Credit Cards,
Managing Data, inclusive of tabular and graphical presentations of data and other descriptive measures,
And Product tagging.