UNIVERSITI TEKNOLOGI MARA

MAT402: BUSINESS MATHEMATICS

Course Name BUSINESS MATHEMATICS APPROVED

(English)
Course Code MAT402

MQF Credit 3

Course The course is primarily designed to develop the mathematical knowledge needed by
Description the students to meet the demands of business operation. It is to provide a solid
coverage of the most basic and frequently occurring business situations.

Transferable Skills Demonstrate maturity of thoughts when responding to multiple inputs and contexts.

Teaching Lectures, Tutorial, Discussion

Methodologies

CLO
CLO1 Describe the mathematical terms and concepts encountered in business
mathematics.
CLO2 Evaluate the mathematical problems related to business and finance.
CLO3 Demonstrate the leadership, autonomy and responsibility skills to solve
problems related to business mathematics.

Pre-Requisite No course recommendations

Courses

Topics
1. Sequence
1.1) Introduction to sequence
1.2) Arithmetic sequence
1.3) Finding the nth term and the sum of the first n terms
1.4) Geometric sequence
1.5) Finding the nth term and the sum of the first n terms
2. Simple Interest
2.1) Introduction to interest
2.2) Simple interest formula
2.3) Simple amount formula
2.4) Exact time and approximate time
2.5) Ordinary simple interest and exact simple interest
2.6) Banker’s Rule
2.7) Present Value
3. Bank Discount and Promissory Notes
3.1) Introduction to bank discount
3.2) Introduction to promissory note
3.3) Simple interest rate equivalent to bank discount rate
4. Compound Interest
4.1) Time value of money
4.2) Introduction to compound interest
4.3) Important terms use in compound interest
4.4) Compound interest formula
4.5) Present Value
5. Annuity
5.1) Introduction to annuity and types of annuities
5.2) Future value of ordinary annuity certain
5.3) Present value of ordinary annuity certain
5.4) Solving for R and n

Faculty Name : COLLEGE OF COMPUTING, INFORMATICS AND MATHEMATICS Start Year : 2022
© Copyright Universiti Teknologi MARA Review Year : 2024
6. Installment Purchase
6.1) Introduction to installment purchase
6.2) Interest based on original balance
6.3) Interest based on reducing balance – constant ratio formula
6.4) Unpaid principal balance using Rule of 78
7. Trade and Cash Discounts
7.1) Introduction to trade discount
7.2) Net price formula
7.3) Chain discount
7.4) Single discount equivalent to chain discount
7.5) Cash discount
8. Mathematics of Retailing
8.1) Cost, selling price, profit, loss
8.2) Mark up and mark down
8.3) Profit and loss: Gross profit, net profit and breakeven price
8.4) Trade discount & Mathematics of retailing
9. Depreciation
9.1) Introduction to depreciation
9.2) Straight line method
9.3) Declining balance method
10. Personal Income Tax
10.1) Introduction to Income tax
10.2) Deductions allowed
10.3) Taxable income
10.4) Rebates
10.5) Tax rate schedule
10.6) Tax assessment for individual who is single
10.7) Tax assessment for individual who is married – separate and combine assessment

Faculty Name : COLLEGE OF COMPUTING, INFORMATICS AND MATHEMATICS Start Year : 2022
© Copyright Universiti Teknologi MARA Review Year : 2024
Assessment Breakdown %
Continuous Assessment 50.00%
Final Assessment 50.00%

Details of
Continuous Assessment Type Assessment Description % of Total Mark CLO
Assessment
Assignment Group Assignment 10% CLO3
Quiz Quiz 20% CLO1
Test Test 20% CLO2

Reading List Recommended

Text Lau Too Kya,Phang Yook Ngor,Wee Kok Kiang 2019,
Business Mathematics for UiTM, 6th Ed., Oxford Fajar Sdn.
Bhd. [ISBN: 9789834279]
Reference
Book Gary Clendenen, Stanley A. Salzman 2019, Business
Resources Mathematics, 14th Ed., Pearson [ISBN: 9780134697]
Jeffrey Slater,Sharon M. Wittry 2019, Math for Business and
Finance: An Algebraic Approach, 2nd Ed., Irwin/McGraw-Hill
[ISBN: 9781259957581]
Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen,
Christopher J. Stocker 2019, Finite Mathematics for Business,
Economics, Life Sciences, and Social Sciences , 14th Ed.,
Pearson [ISBN: 978013467598]
Edward Ira Edgerton,Wallace Edgar Bartholomew 2019,
Business Mathematics: A Textbook for Schools, Wentworth
Press [ISBN: 9781012954574]
Ian Jacques 2018, Mathematics for Economics and Business,
9th Ed., Pearson Education Limited [ISBN: 9781292191669]

Article/Paper List This Course does not have any article/paper resources
Other References This Course does not have any other resources

Faculty Name : COLLEGE OF COMPUTING, INFORMATICS AND MATHEMATICS Start Year : 2022
© Copyright Universiti Teknologi MARA Review Year : 2024