—_ Business Mathematics fo-wnutas ATundamemtets OF, Functions — "= Revenue Functon — Cost Function. = Profit Fuection = 2 Cost Function = variable cost + Fixed Cost Total cost Quantity OF goods Produces 3 Average cost Function = 2 Revenue Function =(x)x Prite oF each unite Pe Graphical crepresentation oF Functions ad Limits =—— unction ee 2 (S14) » equcdton axtby t=O formula = 155 pyelt a(x-x) + bC9-ys) 7 Cla) and (3,6) Formulas Yodo 2 o%) XX oe) Yo751bret vz CTopocuuetion to Financial noathe mot (eg Ww Arithmetic 2 aro guertions } i 2 nt deem OF aN APP IS Th = atcn-d DPrithmetic mean = suno oF ctlt Terme inthe AP Number oF terms tae AP 2 Sum oF'n! derms OF an AP IS Sn = (Fiat ferro + Lout rm) os a [oa +tn-Dd] i) Creormetric: Pro grenrons , aa \ 5 ot 2 TEA! is the first ferm and wis dhe Common Tare -l 2 nth ferry OF UP 1S Th 3” 2 Geometric. nean = NH reot of Product OF n feren io the 2 I-v % Sde5 0F ‘in? demos of a Gp is forel a ib yeh 1-o =) Sum OF 'n! terms OF a LP IS Sn = moe. ieee y-l 2 Sum OF infinite terme of a OP 3s a - ete ence adnate onan naie 1-7 Cees | one re —— - Concepts OF Caltectation ob interest @) Sienple interest = ( Principat)* (rate)* (4ime) 9 I=Pty | For exompte pYout invest F100 her 9D where T = Thferest MA S7 comet vote Foy Yeo , tc One boro wed (tatled Principe) Simple intewe cf oon wate Cioof (p oh debs (convert 5 Zinto clecimal = bie: =O-0s)p Compound inlet fas wv wwheve 6 = Proount in usive OF Procipel S pepe za pt eae PS principle 6 Zzannual vate OF interest = Number of eas Com Poundig sm Pertod, UJ EAT tale ele a gis. ee omwiasca wa = number of Years. SOS interest for yearly = p=p(itz)® = t early = ag 2 q nm mn hal€yearly = po p (itz) & yen Nn queasy = Bo p( 14+ \F =) 1 aw ( +z) 3 Compound inierest = ¢I =A-P ? v, cubsttrte values 1) % ) The value a aaa) a after oe AePositr "the Payments anc mode 9 tires a ene Tala € Principal = ) arr = (Pdccipte Ae to terest)/ peviog ny Months.