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What is Depreciation? The older an item gets, the more its value decreases. It is because of the wear and tear with constant usage. The concept of depreciation follows this very idea. It can be defined as the reduction in the cost of a commodity, i.e. a good or a service, over time. In business, […]

What Is C.I and How Does It Work? The interest you get on a deposit is called compound interest (CI) or compounding interest. It is computed using the starting principal as well as the interest accumulated for a specific period. The compound interest formula basically works on the concept of compounding, which means the rate

What is a Complex Number? A complex number is one that may be expressed as x+ iy,where x and y are real numbers and i is the imaginary unit defined by i = √-1. While dealing with equations like x2+ 1= 0, the real number system is incapable of finding out the roots, whereas in complex number systems the equation x2 + 1= 0 has a solution

Introduction Let us assume a scenario to understand the concept of permutation and combination. What if someone asks you to draw 4 cards from a well shuffled pack of 52 cards. Now you can select and draw 4 cards and suppose you note down the cards that you drew. Now if that person asks you

What is a Combination? In permutation and combination, a combination is a mathematical method that focuses on determining the number of apparent treaties in a compilation of elements. An individual can choose the items quickly. In combination, the order of the choice is straightforward. Combinations often get disturbed with permutations. For instance, the configuration of

The coefficient of variation can be defined as a statistical measure that helps in measuring the data point dispersion around the value of the mean. Commonly the measure is used for comparing dispersion of data between separate data series. Contrary to a standard deviation that is always considered in regards to the data, the coefficient

Circular permutations are a type of permutation that can be used in many different ways. In this article, we will discuss how to create them and some of the ways they can be used. We will also provide some examples to help illustrate how they work. What are Circular Permutations? Circular Permutations are a type

Introduction The rate of return on investment (ROI) helps you to select the best investment across different investment options. It is a financial ratio that helps you determine the return on investment against the costs.  Multiple methods are used to calculate the rate of return on investments. The same has been discussed below. Accounting Rate

An important part of any business is the calculations that influence the decisions taken by a company. The commercial part of running and managing a business and company. It is essential in making decisions about the company’s economy as a whole. Thus, a simple definition of Business Mathematics would be “the use of that branch

Introduction For the purpose of meeting financial obligations, an annuity can be defined as a series of space-out and equal payments, paid by a specific party to another party over an extended time period. When a person deals with annuities, an annuity payment is defined as the amount for each monthly installment paid equally. If