Business Mathematics

What is a Set? Sets represent a group of distinct objects. In mathematics, sets are a well-organised collection of objects represented in a set builder form or roasted form. Generally, we represent sets using curly braces {}.  The components of a set are called elements. Using the example given below, let’s understand the concept of […]

Understanding About Sequence And Series The concept of sequence and series can be well understood by reading more about it in detail. In Mathematics, a sequence is a list of elements appearing in disciplined order. Just like a set, a sequence consists of elements, terms, or members. The number of terms present in the list/orderly

Introduction: When we multiply real and imaginary numbers, their product is complex numbers. The symbol of the complex number is ‘z,’ and its formula is a + ib. This formula uses the variables a and b; we consider them real numbers and the variable ‘i’ as an imaginary number. Re(z) indicates the real component’ a’

What is Relation? A collection or conglomeration of order in a pair is termed a relation. The relation is used to connect an element or an object as well as two or more than two sets. We must note that the sets must not be empty set. One of the concepts is Equivalence Relation. In

Introduction You’ve probably heard of quadratic and cubic expressions. Polynomials are a fundamental idea in mathematics. Whenever a function is plotted on a graph, the degree of polynomials dictates the maximal number of possibilities it can have and how many instances it crosses the x-axis. Polynomials are a fundamental idea in mathematics. Let’s take a

What is a Determinant? Determinant  Every square matrix has an association with a scalar which is called a determinant.  A determinant is denoted by writing det(A) or I A I. Note: The determinant value of a matrix with order 1 is its scalar value. But, the determinant of a matrix with order 2 x 2

For any natural number, say N, the mathematical induction is a strategy for proving a statement, theorem, or formula which is assumed to be true. To prove that the establishing statement or result are formulated in terms of n, where n is a natural number, we follow steps, P(n) as mentioned below: The statement is

What is the meaning of Net Present Value? Net Present value stands for the difference between the expected current inflow and current value of all cash outflows at a given rate over a period of time. A future cash value is discounted to obtain the current value. Discounting here stands for the process of applying

Introduction A power set consists of all the subsets from a given set along with an empty set as well as the set itself. A power set is written as P(S). The number of elements that constitute the power set is expressed by 2n. It is a holder of the set with all its elements.

What is a polynomial? The term polynomial comes from the Greek word “poly,” which means many, and “nominal,” which translates to terms. The definition of a polynomial is simple as it is described as an algebraic expression made up of variables, constants, coefficients to perform mathematical operations like addition, subtraction, and multiplication. Depending on the