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Nov 21, 2024
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MAT 195 - Business Mathematics
Credits: 3
3 Lecture Hours
Prerequisites: MAT 080 (minimum grade “C”) or successful placement.
Description
A course for students in career business programs. Topics include the arithmetic of whole numbers, fractions, decimals, and their applications to the various fields of business, such as consumer credit, amortization, merchandising, interest, and negotiable notes.
Learning Outcomes
Upon successful completion of the course, the student will:
- Balance a checkbook.
- Calculate payroll deductions and net pay.
- Compute mark up and mark down prices.
- Calculate commission on sales.
- Compute simple interest and compound interest.
- Calculate consumer credit balances on loans and credit card expenditures.
- Solve problems using whole numbers, fractions, decimals and percents.
Listed Topics
- Checkbook reconciliation
- Payroll calculations
- Promissory notes and third party notes
- Annuities and sinking funds
- Consumer credit
- Home mortgage amortization schedules
Reference Materials
Each student is required to have the calculator and the textbook adopted by the Mathematics Department at the specific campus. If available, students may purchase a student solutions manual or make use of the interactive software and video tapes located in the math laboratory.
Approved By: Sutin, Stewart Date Approved: 07/13/2006
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