MAT112

• 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.

At the end of the course, students should be able to:

1. Describe the differences between simple and compound interest calculations in solving business mathematical problems. 

2. Determine the solutions related to business mathematical problems. 

3. Demonstrate entrepreneurial skill related to real life business mathematical problems. 

CHAPTER 1: SIMPLE INTEREST 

1.1 : Introduction to Interest

1.2 : Simple Interest Formula – Years or Months

1.3 : Simple Interest Formula - Days

CHAPTER 2: BANK DISCOUNT & PROMISSORY NOTE 

2.1 : Promissory Notes

2.2 : Bank Discount

2.3 : Discounting Promissory Notes

2.4 : Simple Interest Rate Equivalent to Bank Discount Rate

CHAPTER 3: COMPOUND INTEREST 

3.1 : Introduction to Compound Interest

3.2 : Compound Interest Formula

CHAPTER 4: ANNUITY 

4.1 : Introduction to Annuity

4.2 : Future Value of Ordinary Annuity

4.3 : Present Value of Ordinary Annuity

CHAPTER 5: TRADE & CASH DISCOUNTS 

5.1 : Trade Discounts

5.2 : Chain Discount

5.3 : Single Discount Equivalent to Chain Discount

5.4 : Cash Discounts

CHAPTER 6: MARKUP & MARKDOWN

6.1 : Markup

6.2 : Markdown

6.3 : Profit and Loss

CHAPTER 7: INSTALLMENT PURCHASE 

7.1 : Interest based on Original Balance

7.2 : Interest based on Reducing Balance using Constant Ratio Formula

7.3 : Rule of 78

CHAPTER 8: DEPRECIATION 

8.1 : Depreciation using Straight Line Method

8.2 : Depreciation using Declining Balance