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Business Math for Students

The document summarizes the course MAT113 Business Mathematics. It is a 4 credit course with no prerequisites. The course aims to introduce various mathematical concepts and apply them to real life business situations. The course contains 5 units that cover topics like matrices, differential and integral calculus, payroll, depreciation, and annuities. Student performance will be evaluated through continuous assessment and a term-end exam. The course was recommended by the Board of Studies on 16-11-2010 and approved by the Academic Council on 30-11-2010.

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378 views1 page

Business Math for Students

The document summarizes the course MAT113 Business Mathematics. It is a 4 credit course with no prerequisites. The course aims to introduce various mathematical concepts and apply them to real life business situations. The course contains 5 units that cover topics like matrices, differential and integral calculus, payroll, depreciation, and annuities. Student performance will be evaluated through continuous assessment and a term-end exam. The course was recommended by the Board of Studies on 16-11-2010 and approved by the Academic Council on 30-11-2010.

Uploaded by

Karan Desai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Proceedings of the 26th Academic Council held on 18.5.

2012

MAT113 Business Mathematics 
L  T  P  C 
 
4  0  0  4 
Version : 1.0
Prerequisite : Nil
Objectives: To Introduce various mathematical concepts in the course.
Expected Outcome: Applying Mathematical concepts in real life business situations.

CONTENTS 
 

Unit 1    Matrices                12 hours 


Definition of Matrix – Different types of matrices – Transpose of a matrix – Matrix
operation – Addition, Subtraction, Multiplication of matrices – Determinants of a square
matrix of order two and three; Adjoin of a square matrix – Inverse of a square matrix –
Solution of Linear simultaneous equations – By Cramer’s Rule, by using inverse of a
matrix.
 
Unit 2   Differential Calculus            12 hours 
Differentiation of sum, product and quotient – chain rule – second order differentiation
– maxima and minima – applications in business – marginal cost, marginal revenue,
maximum profit.
 
Unit 3   Integral Calculus and Payroll          12  hours 
Integral Calculus: Integration by substitution, partial fractions and Integration by parts
– Definite integrals – Application of Integration.

Payroll: Gross pay – Hourly rate and hours worked – overtime – salary – commission –
Net pay.
 
Unit 4   Depreciation               12  hours 
Depreciation and Salvage value – straight line method – units of products – double
declining balance method – sum of the year’s digits method.
 
Unit 5   Annuities and their applications         12  hours 
Annuities – Sinking funds – Amortization – Capital Budgeting. 
 
Text Book:  
1. Business Mathematics and Statistics, Pillai and Bagawathi, S. Chand Publications, New
Delhi, 2007

Reference Books: 
1. Business Mathematics, Qasi Zameeruddin, VK Khanna and SK Bhambria, Vikas
Publishing House Pvt. Ltd, 2009 Edition.
2. Business Mathematics, P.R. Vittal, Margham Publications, Chennai, Edition 2009.
 
Mode of Evaluation: Continuous Assessment (Quizzes, CATs, Assignments, Surprise tests,
Seminars, etc.) and TEE 
Recommended by Board of Studies on: 16-11-2010 
Date of Approval of Academic Council: 30-11-2010 

836

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