Business+Maths

__BUSINESS MATHS__

Business Maths concerns the mathematcics of loans, savings, depreciation and hire purchase. These concpets will have an immediate impact upon you and the amount and how you pay for your first large purchase; your first car, tertiary eduction and possibly your first home.

Over the next three weeks we will be covering the following points: l How do we determine the new price when discounts or increases are applied? l How do we determine the percentage discount or increase applied, given the old and new prices? l How do we determine the old price, given the new price and the percentage discount or increase? l What do we mean by simple interest, and how is it calculated? l What do we mean by compound interest, and how is it calculated? l How do we calculate appreciation and depreciation of assets? l What is hire-purchase, and how is the interest rate determined?: A key copncept of Business Maths is the use of percentages. Below are a number of PowerPoint Presentations covering various percentage manipulations including:


 * % conversion
 * % of a quantity
 * 100% from a % amount



Buisness maths involves the changing of amounts through percentages, it creates % change:



Reward and charges are applied to savings and loans respectively in the following ways:

Simple Interest Compund Interest
 * [[file:Simple Interest.ppt]]
 * [[file:Compound Interest.ppt]]