Skip to main content

Recently Updated Pages

Effective Rate

Business Mathematics Unit 07 Commercial Arithmetic

Introduction The effective interest rate, also known as the annual equivalent rate (AER) or effec...

Updated 1 year ago by Sanjay Bandaru

Equivalent Rate

Business Mathematics Unit 07 Commercial Arithmetic

Introduction The equivalent rate is a concept in commercial arithmetic used to compare different ...

Updated 1 year ago by Sanjay Bandaru

Compound Interest

Business Mathematics Unit 07 Commercial Arithmetic

Introduction Compound interest is a method of calculating interest where the interest earned over...

Updated 1 year ago by Sanjay Bandaru

Simple Interest

Business Mathematics Unit 07 Commercial Arithmetic

Introduction Simple interest is a basic concept in commercial arithmetic used to calculate the in...

Updated 1 year ago by Sanjay Bandaru

Inverse of a Matrix

Business Mathematics Unit 01 Matrices and Determinants

Definition The inverse of a matrix is a matrix that, when multiplied by the original matrix, resu...

Updated 1 year ago by Sanjay Bandaru

Minors and Cofactors

Business Mathematics Unit 01 Matrices and Determinants

Definition Minor The minor of an element in a matrix is the determinant of the smaller matrix tha...

Updated 1 year ago by Sanjay Bandaru

Determinants and Properties

Business Mathematics Unit 01 Matrices and Determinants

Definition The determinant is a scalar value that can be computed from the elements of a square m...

Updated 1 year ago by Sanjay Bandaru

Properties of Matrix Multiplication

Business Mathematics Unit 01 Matrices and Determinants

Matrix multiplication has several important properties that make it useful in various mathematica...

Updated 1 year ago by Sanjay Bandaru

Multiplication of Two Matrices

Business Mathematics Unit 01 Matrices and Determinants

Definition The multiplication of two matrices involves taking the rows of the first matrix and th...

Updated 1 year ago by Sanjay Bandaru

Special Types of Matrices

Business Mathematics Unit 01 Matrices and Determinants

Definition An identity matrix is a special type of square matrix in which all the elements of the...

Updated 1 year ago by Sanjay Bandaru

Multiplication of Matrices by a Scalar

Business Mathematics Unit 01 Matrices and Determinants

Definition The multiplication of a matrix by a scalar is an operation where every element of the ...

Updated 1 year ago by Sanjay Bandaru

Addition of Matrices

Business Mathematics Unit 01 Matrices and Determinants

Definition The addition of matrices is the operation of adding two matrices by adding their corre...

Updated 1 year ago by Sanjay Bandaru

Matrices and Determinants Introduction

Business Mathematics Unit 01 Matrices and Determinants

A matrix is a rectangular arrangement of numbers, symbols, or expressions, arranged in rows and c...

Updated 1 year ago by Sanjay Bandaru

Vogel Approximation Method

Business Mathematics Unit 04 Transportation Problem

Vogel's Approximation Method (VAM) is a heuristic used to find an initial feasible solution for t...

Updated 1 year ago by Sanjay Bandaru

Least Cost Method

Business Mathematics Unit 04 Transportation Problem

The Least Cost Method (LCM) is a technique used to find an initial feasible solution for transpor...

Updated 1 year ago by Sanjay Bandaru

NW Corner Rule

Business Mathematics Unit 04 Transportation Problem

The North-West Corner Rule is a method used to find an initial feasible solution for transportati...

Updated 1 year ago by Sanjay Bandaru

Methods for Initial Solution

Business Mathematics Unit 04 Transportation Problem

The transportation problem aims to minimize the cost of transporting goods from suppliers (source...

Updated 1 year ago by Sanjay Bandaru

Applications to Commerce and Economics

Business Mathematics Unit 06 Differentiation and Applications

Differentiation has significant applications in commerce and economics, where it is used to analy...

Updated 1 year ago by Sanjay Bandaru

Differentiation of Parametric Functions

Business Mathematics Unit 06 Differentiation and Applications

Differentiation of parametric functions involves finding the derivative of a function that is def...

Updated 1 year ago by Sanjay Bandaru

Methods of Differentiation

Business Mathematics Unit 06 Differentiation and Applications

Differentiation in BBA mathematics involves finding the derivative of a function, which represent...

Updated 1 year ago by Sanjay Bandaru