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Why Study Maths?
Like it or not, maths is used in most aspects of daily life.
Math is an integral part of life. It has a definite role to
play in every body's life.
In academia, "Business
Mathematics" includes
mathematics courses taken
at an undergraduate level by
business students. These
courses are slightly less
difficult and do not always go
into the same depth as other
mathematics courses for
people majoring in
mathematics or science
fields. The two most common math courses taken in this form
are Business Calculus and Business Statistics.
The challenge: John decides to buy a car for his business. The
dealer gives him a price and tells him he can pay on time as
long as he makes 36 installments and agrees to pay six per cent
interest (6%). The facts are:
Agreed price 18,000 for the car, taxes included.
The first payment will occur 30 days after receiving the loan.
A simple timeline will give you an idea of the question we need
to address.
References
• http://www.moneyinstructor.com/business.asp
• http://www.scribd.com/doc/12243159/Role-of-Mathematics-in-Business
• http://en.wikipedia.org/wiki/Business_mathematics
• http://www.businessweek.com/magazine/content/06_07/c3971027.
htm
• http://wiki.answers.com/Q/Role_of_mathematics_in_Business_decisi
ons
• http://mathforum.org/dr/math/faq/faq.why.math.html
• http://math.about.com/od/businessmath/tp/businessmathtp.htm
• http://www.easymaths.com/What_use_is_Maths.htm
• http://answers.yahoo.com/question/index?
qid=20081114200720AA1d51T
• http://answers.yahoo.com/question/index?
qid=20080127161257AAokehW