QUESTION BANK OF BUSINESS MATHEMATICS - Important Questions
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Question. What is/Introduction of Business Mathematics
Answer. Business mathematics are 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.
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FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 1.1 . Calculations of interest on deposits in a bank : Banks allow interest at a fixed rate . Mr. S Roy borrows ` 20,000 at 4% compound interest and agrees to pay both the.
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BURTON S. KALISKI . Mathematical techniques are used to solve specific types of business . This chapter discusses simple interest and bank accounts.
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