Professional Documents
Culture Documents
2012
MAT113 Business Mathematics
L T P C
4 0 0 4
Version : 1.0
Prerequisite : Nil
Objectives: To Introduce various mathematical concepts in the course.
Expected Outcome: Applying Mathematical concepts in real life business situations.
CONTENTS
Payroll: Gross pay – Hourly rate and hours worked – overtime – salary – commission –
Net pay.
Unit 4 Depreciation 12 hours
Depreciation and Salvage value – straight line method – units of products – double
declining balance method – sum of the year’s digits method.
Unit 5 Annuities and their applications 12 hours
Annuities – Sinking funds – Amortization – Capital Budgeting.
Text Book:
1. Business Mathematics and Statistics, Pillai and Bagawathi, S. Chand Publications, New
Delhi, 2007
Reference Books:
1. Business Mathematics, Qasi Zameeruddin, VK Khanna and SK Bhambria, Vikas
Publishing House Pvt. Ltd, 2009 Edition.
2. Business Mathematics, P.R. Vittal, Margham Publications, Chennai, Edition 2009.
Mode of Evaluation: Continuous Assessment (Quizzes, CATs, Assignments, Surprise tests,
Seminars, etc.) and TEE
Recommended by Board of Studies on: 16-11-2010
Date of Approval of Academic Council: 30-11-2010
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