BAM 112 – BUSINESS MATHEMATICS

Goal
The course is designed to enable the student apply the quantitative knowledge of business mathematics in solving simple business problems.

General Objectives:
1. Understand the concepts of simple and compound interest, annuity, present value and discount
2. Understand investment appraisal, the necessary test and their application to business
3. Evaluate indices
4. Understand the concepts of equations and inequalities and their applications in solving business problems.
5. Understand vector algebra and its application to business
6. Comprehend the basic idea of matrix and its application to business
7 Understand the construction and interpretation of graphs and their application.