Business Mathematics

Prof. Sheenu Nayyer

Dr. Gargi Srivastava

ISBN - 9789351639695

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For B.Com First Semester of I.K.G. Punjab Technical University
Syllabus
 
(BCOP-104)
 
BUSINESS MATHEMATICS
 
Unit-I
Progressions: Application of Arithmetic Progression and Geometric Progression. Arithmetic progressions finding the ‘n’th term of an AP and also sum to ‘n’ terms of an AP. Insertion of Arithmetic means in given terms of AP and representation of AP. Geometric progression: finding nth term of GP.
 
Unit-II
Interest Applications: Simple interest, compound interest including half yearly and quarterly calculation, Instalment Purchases (Cost of Instalment, Effective rates, amortization of a loan).
 
Unit-III
Percentage and Ratios’ Applications: Percents, Commissions, Discounts, e.g., bill discounting, mark up and concepts of Ratios.
 
Unit-IV
Corporate and Special Applications: Computation of the costs and proceeds of stock buy and sell; Computation of rates of yield and gains or losses on the purchase and sale of stocks; Computation of gains and losses on convertible and callable bonds, annual interest, accrued interest, and annual yield and computation of a rate of yield to maturity.
 
Unit-V
Foreign Exchange: Brief Introduction to Foreign Exchange Market, Rate of Exchange, Direct/Cross rate and Indirect rate of Exchange, Cross rate, Simple and Compound Conversion, Chain Rule (in the course of exchange).
 
PTU2017/BCOM/1/05

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