📌Course Description

The course is primarily designed to develop the mathematical knowledge needed by the students to meet the demands of business operation. It is to provide a solid coverage of the most basic and frequently occurring business situations.

📌Syllabus Content

CHAPTER 1. Simple Interest

• Introduction to Interest

• Simple Interest Formula – Years or Months

• Simple Interest Formula - Days

CHAPTER 2. Bank Discount and Promissory Notes

• Promissory Notes

• Bank Discount

• Discounting Promissory Notes

• Simple Interest Rate Equivalent to Bank Discount Rate

CHAPTER 3. Compound Interest

• Introduction to Compound Interest

• Compound Interest Formula

CHAPTER 4. Annuity

• Introduction to Annuity

• Future Value of Ordinary Annuity

• Present Value of Ordinary Annuity

CHAPTER 5. Trade and Cash Discounts

• Trade Discounts

• Single Discount Equivalent to Chain Discount

• Cash Discounts

CHAPTER 6. Markup and Markdown

• Markup

• Markdown

• Profit and Loss

CHAPTER 7. Installment Purchases

• Interest based on Original Balance

• Interest based on Reducing Balance using Constant Ratio Formula

• Rule of 78

CHAPTER 8. Depreciation

• Depreciation using Straight Line Method

• Depreciation using Declining Balance

📌Assessment

• Continuous Assessment (50%):

1. Quiz (10%) - Week 5

2. Group Project (15%) - Week 6 to 8

3. Test (25%) - Week 13

• Final Examination (50%)