APPLICATION OF BUSINESS MATH IN BUSINESS
U N I V E R S I T Y O F D H A K A
Md. Ariful Islam
Dept. of Banking and Insurance
Md. Mahfuzur Rahaman Biswas
ID No. 51221068
Department of Banking
Faculty of Business Studies
Letter of Transmittal
12th December 2012
Md. Ariful Islam
Department of Banking & Insurance
University of Dhaka
Subject: Submission of Term Paper on Business Mathematics
With due to respect, we would like to inform you that I have completed the term paper on the topic of “Application of Business Mathematics ” It is immense pleasure for us to place the same before you.
I made every endeavor to prepare this paper and tried my level best to accumulate relevant and intuitive information.
It is a great experience for me to work with this topic. I have tried to make the report vivid and comprehensive within the limited resources.
Md.Mahfuzur Rahman Biswas
I.D. - 51221068
Table of Context
|Title |Page No | |Acknowledgement |5 | |Executive summery |6 | |Introduction |7 | |Report Preliminaries |7 | |Methodology |8 | |Set Theory |8 | |Differentiation |10 | |Mathematics of Finance |15 | |Findings |20 | |Conclusion |21 |
I am grateful to almighty Allah who enabled us to complete this work, with enthusiasm and full vigor. I deeply extend our heartily acknowledgement and owe special debt of gratitude to our course teacher, Md. Ariful Islam, Lecturer , Department of Banking for letting me to prepare this report. I would also like to express our sincere appreciation to him for his wholehearted support and guidance.
I am also owed to each person who I bothered inside and outside in carrying out this report.
Business mathematics is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting and financial analysis. Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. Business management can be made more effective in some cases by use of more advanced mathematics such as calculus, matrix algebra and linear programming.
The practical applications typically include checking accounts, price discounts, markup and markdowns, payroll calculations, simple and compound interest, consumer and...
References: 1. Islam, Rafiqul & Gani,Mohammad Osman, Business Mathematics, 4th Edition, CBO Publication,Dhaka.
2. Sancheti, D.C. & Kapoor,V.K., Business Mathematics,11th edition.
3. Bowen, Business Mathematics.
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