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Business Mathematics fox rola
unit 1 iy ATuodamemtels oF
=> Propit Function’ = Revenue Function - Cost Function
3 Cost Fuaction = variable cost + Fired Cost
J Pverage cost function = ‘Total cost |
Quantity OF goccls Produees |
? Revenue Func¥on =fx)x price oF each won
Busik + Grophieal representation of funetiont and Limits
aoa
Ee (5) 4) » equction 2% toy t=O
Pereola = tes. , ye lp
a (x-x) + bCY-Ys)
9 Clr) and (3,6)
Formulas Y-Y
rae Ly = 00)
ei
pe el
oSUnit Le Trboduetion to Financial noathenat tee
GW) Awthmetic Progressions f
2 nth jem OF aN PP I'S The atcn-a
OPrithmetic mean = suum oF ett Ferme tothe AP
“Number OF terms inde oP
2D Sur OF! ferme OF ain AP iS Sn oh (fist dere + Lout tiny
a
= am [zaten-Dd]
(n) Gemecie Pregrenion
a Sis 0c a % to
PTO yhel first Jewn ara weiss tne Common °"
% al
2 nth gerry OF GP 1S Tet 2”
inthe
F Geese Ge ieee be Predet Ob TEE IN
‘ I-x”
Gtiey. of 0! dems of a Grp is BP even
1-o
=) sum of 1! ders oF a LP iS Sn = a (or!) Likert
y-l
> Sumy 0f€ infinite ferme of a UP js hei
Bi eI MREIN 2 __
oe eS concepts OF cateectation ob interest
: 5
G) Sienple interest = ¢ Principal)! Cwate)* (aime)
3 IePty | For example , you invest $100 Pheri
where T = Thferest HAE cornet vate Foy A Yew.
P= Reveurt poryowed Clalled Price) SIME Intevert = Coos (p os)*(,)- is
intenest verte
be time.
(convert 5» foto clecimaf = =
Toe =0-0s)
i
||
) Compound jolerest i=
S pepcitzyt , where & ee ee Principat
P= principle
S=annual wate OF interest
1 = number of com Com pounclig
some Perot a Yeo...
£9; caaie’ = number OF Years.
Sa
SCL ‘nlerest for yearly = A=p(ite)®
Aye, n nN half yearly = pe p czy?
&
a tn no Quarry = p= p(/]4™\t
ee)
3 Compound jnierest = ¢r =A-P
oe
ee Payments are mace times OU Gear ee”
= tet 42) Jf
Hv) Ema 7 PrinciPal a
™) EMT = Cpacriote + tterest)/ pericd in months.