BUSINESS MATHEMATICS

Syllabus

BBA102

Business Mathematics

Unit 1: Concepts of Algebra (6 Hours)

Fundamental Concepts and Uses of Algebra; Law of Indices; Concept and Types of Functions; Linear and Quadratic Equations; Concepts and Simple Problems in Arithmetic Progression, Geometric Progression & Harmonic Progression.

Unit 2: Basics of Set Theory (9 Hours)

Fundamental Concepts and Uses of Set Theory; Representation of Set and Subset; Set Operations; Venn Diagram; De-Morgan’s Laws, Applications of Set Theory in Business.

Unit 3: Fundamentals of Matrix and Determinants (10 Hours)

Fundament Concepts and Uses of the Matrix; Types of Matrices; Algebra of Matrices; Determinants and Its Properties; Adjoint of a Matrix; Finding the Inverse of a Matrix; Rank of a Matrix; Solution of a System of Linear Equations by Cramer‘s Rule and Matrix Inverse Method (Including Not More than Three Variables).

Unit 4: Compound Interest and Annuities (9 Hours)

Different Types of Interest Rates; Concept of Present Value and Amount of a Sum; Types of Annuities; Present Value and Amount of An Annuity Including the Case of Continuous Compounding; Valuation of Simple Loans and Debentures; Problems Relating to Sinking Funds.

Unit 5: Probability (6 Hours)

Concept and Uses of Probability; Types of Probability; Conditional Probability and Bayes’ Theorem; Simple Problems Based on Addition and Multiplication Theorems of Probability.