Business Mathematics

The derivative can be defined as the rate of change of one variable with reference to another. The derivative, in terms of functions, can be expressed as dy/dx = f(x) = y’. Various Applications of derivatives in the field of mathematics are: To find increasing and decreasing functions To find equations of tangent and normal […]

Introduction Here we have a curve we are denoting by y=f(x). Now if we are asked to find the area under the curve or more precisely the area under the curve and above the X-Axis, which in essence boils down to the area between two fixed boundaries, x=a and x=b. Now one way to go

In economics, the marginal cost is the change in total production cost that comes from growing or making an additional unit. In other references or contexts, they refer to Marginal cost as producing an additional quantity or an increase of a unit of output. The marginal cost of manufacturing an automobile will include the cost

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

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

Distinct types of functions in mathematics have different qualities that separate them. As a result, knowing what kind of function you’re working on is important. Functions are classed as algebraic or non-algebraic; algebra of differentiable functions and rational functions are classified as algebraic, whereas trigonometric functions are classified as non-algebraic. Continue reading to get a

A matrix is a set of numbers that are arranged in rows and columns (e.g., in the spreadsheet). It is used to show groups of data in mathematics or statistics. It is often helpful to solve practical problems. Understanding algebra of matrices can be hard and complex, but it is easier if you understand its