BM (BCOM 1st)

UNIT-I

Progressions: Application of Arithmetic Progression and Geometric Progression. Arithmetic

progressions finding the ‘n’th term of an AP and also sum to ‘n’ terms of an AP. Insertion of

Arithmetic means in given terms of AP and representation of AP. Geometric progression:

finding nth term of GP.

UNIT-II

Interest Applications: Simple interest, compound interest including half yearly and quarterly

calculation, Instalment Purchases (Cost of Instalment, Effective rates, amortization of a loan)

UNIT-III

Percentage and Ratios’ Applications: Percents, Commissions, Discounts, e.g., bill

discounting, mark up and concepts of Ratios.

UNIT-IV

Corporate and Special Applications: Computation of the costs and proceeds of stock buyand-sell;

Computation of rates of yield and gains or losses on the purchase and sale of stocks;

Computation of gains and losses on convertible and callable bonds, annual interest, accrued

interest, and annual yield and computation of a rate of yield to maturity

UNIT-V

Foreign Exchange: Brief Introduction to Foreign Exchange Market, Rate of Exchange,

Direct/Cross rate and Indirect rate of Exchange, Cross rate, Simple and Compound Conversion,

Chain Rule (in the course of exchange)