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BMt. Syllabus 2024

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1st Semester

Course Name: BusinessMathematics (Multi disciplinary)


Credit: 3
(Internal Assessment 30 Marks + End Term Exam. 45 Marks)Total Marks: 75
UnitI:IntroductiontoBusinessMathematics

Linear, Quadratic, and system of Simultaneous linear equations - Application of concept of


equations tobusiness and commerce, Time and work: Simple cases, Profit, Loss and discount
(business applications),Shares- Concept of share, face value, Market value, equity shares,
preferential shares, dividend, bonusshares, Ratio and proportion- Finding the missing term of the
proportion, merging of two ratios in one,Conceptofmixtureanditsexamples

Unit2:Interest&Annuities

Concept of Simple Interest & Compound Interest (solution of related problem), PV and FV of
singleprincipal amount, Annuity –Types of annuities: ordinary, due, deferred, continues,
perpetual their futureandpresentvaluesusingdifferenttypesofratesofinterest.Depreciationof Assets.
Definitionofsinkingfund(Generalannuitiestobe excluded).

Unit 3: Matrices and Determinants:Algebra of Matrices, Matrix operation- Business


Application,Determinantofasquarematrix.
Evaluationdeterminantoforderthree(Propertiesofdeterminantstobeexcluded), Inverse of a matrix,
Solution of system of linear equations (having unique solution
andinvolvingnotmorethanthreevariables)usingCramer’sRule.

Unit4:DifferentialCalculus:Conceptoflimitandcontinuityofafunction(simplefunctionsonly),Concep
tofdifferentiation,Rulesofdifferentiation,Derivativesofex,ax.,logx(onlyresult).Differentiationofsimpl
ealgebraicfunctions,conceptof partialdifferentiation(simplebusinessproblem),Maxima and minima
involving second order derivative (relating to cost, revenue and profit), Concept ofMarginal
Analysis- The common marginal concept in economics and their application in Business.
ProfitMaximizationunderMonopoly.EconomicOrderQuantity.
Unit 5:Integration- Preliminary idea,definite integrals(simple polynomialfunctions),
determination ofareausingdefinite integrals, application ofintegralcalculustoMarginalanalysis

Unit 6: Linear Programming:Linear Programming: Sketching of graphs of (i) Linear equation ax


+ by +c=0and(ii)Linearinequalities
b)Formulationoflinearprogrammingproblem(LPP).GraphicalsolutiontoLPP

SuggestedReadings:

1) SinghJ.K.BusinessMathematics. Himalaya PublishingHouse.

2) Ayres,FrankJr.Schaum’sOutlinesSeries:TheoryandProblemsofMathematicsofFinanceMcGrawHil
lEducation.

3) Aggarwal,R.S.,QuantitativeAptitude, S.Chand.

4) TextBookofBusinessMathematics,PadmalochanHazarika,S.Chand.

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