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© In the course the main concentration is on the
applications of mathematics to businesses.
© These may be seen in the form of stated
problems from the text book.
© Our focus will be on the procedures to find
the solutions of these problems.
© Some business terminologies will be used in
the course.
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Computation
Simple interest = (principal ) * ( interest rate) * (number
of time period)
Or I = Prt
Where I = simple interest
P = principal
r = interest rate
t = number of time period of loan
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„he total amount ´Aµ to be repaid is the
principal plus the accumulated interest, or
A =P+I
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= P(1 + rt)
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à valent Vales of Dfferent Debts
and ther Payments


   

 

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÷ man owes Rs. 800, Rs. 1,000, and Rs. 200 due in 30
days, 60 days and 90 days respectively. If the rate of
interest is 6%, when will a single payment of Rs. 2,020
will discharge ail the three debts?
  :

Let the comparison date be 90 days


from now. The given diagram
illustrates the situation.

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2 
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Rs. 800 800[1+(60/360)(0.06)] = Rs. 808.00


Rs.1,000 1,000[1+(30/360)(0.06)] = Rs. 1005.00
Rs. 200 = Rs. 200

Rs. 2,000 Rs. 2,013.00

Total Total on comparison date


Borrowed |'
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© 2  involves the calculation of interest
periodically over the life of the loan (or investment).
© ÷fter each calculation the interest is added to the
principal.
© Future calculations are on the adjusted principal (old
principal plus interest).
© 2 

 is the interest on the principal plus
the interest of prior periods.
© Ô
 
, or  , is the final amount
of the loan or investment at the end the last period.

’
 
›ow $1 will grow if it is calculated for 4 years at
8% annually?
1.6 ÷fter 4
÷fter 3
÷fter 2 periods
periods
1.4 ÷fter 1 periods $1.3605
D 
 period $1 $1.2597
1.2 $ 1.1667
 $ 1.08
$ 1.00
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2ompound ÷mount Formula
Let
P = Principal
i = interest rate per compounding period
n = number of compounding periods
(number of periods in which the
principal has earned interest)
S = compound amount
The compound amount after one period is
S = P + iP
S = P(1 + i)
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Similarly, the compound amount after three periods is given by:

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1. Find out the compound amount and the
compound interest at the end of three
years on a sum of Rs. 20,000 borrowed at
6% compounded annually.
2. If Rs. 3,000 are invested at 6% interest
compounded semi-annually what would it
amount to at the end of 8 years?

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5 The factor or is called the present value


factor or the discounting factor.

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i. Find the present value of Rs. 4,814.07 due at
the end of 8 years if money is worth 6%
compounded semi-annually.
ii. What sum of money invested at 6%
compounded annually will amount to Rs. 500
in 4 years?
iii. Find the present value of Rs. 4,958.54 due at
the end of 8½ years if money is worth 6%
compounded semi-annually.

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 (interest bearing note)

÷n interest bearing note of Rs. 5,000


dated January 1,1980 at 6% compounded
quarterly for 10 years was discounted on
January 1, 1984. what were the proceeds
and the compound discount if the note
was discounted at 8% compounded semi-
annually?

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5An anny s a seres of perdc paymens
(slly e l  s).
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e sch s lly, selly, rerly
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1. Fd he  f  y f @s. 500
yble  he
ed f ech yer fr 10 yers, f he eres re s 6%
c
ded lly.

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. A fher  he e f brh f hs dgher decdes 
de
s  cer   he ed f ech yer  he
fr f  y. He ws h he s f @s. 0,000
shld be de vlble fr eeg he e
eses f hs
dgher·s rrge whch he e
ecs  be sleed
js fer her 18h brhdy. If he
yes ccle
 8% c
ded lly, hw ch shld he sr
de
sg lly?

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s f  rdry y f
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ly
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sl f
rbles.

Fdg  whe S s kw
à 
le:
Hw y sel
yes f @s. 100 ech 
 cc  he fr f  rdry y wll
ccle @s. 3,000 f he eres re s 8%?

Fdg  whe S s kw


à 
le:
A y f @s. 300
yble  he ed f ech
rer s  @s. 13, 00  8 yers. Wh s he
l re f eres f  s c
ded rerly?

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