Mathematics for Business provides practical, up-to-date coverage of the mathematical techniques students must master to succeed in business today. Covering more algebra than competing books, it looks... This description may be from another edition of this product.
it is a very helpful book, goes great with my math class. It does explain math in a simple to follow instrutions,
from fractions to compound interest
Published by Thriftbooks.com User , 16 years ago
The text proceeds from basic level maths to give the reader a solid grounding in what is needed for an undergraduate or perhaps high school level business course. When I say basic level maths, it really does. By commencing with a chapter devoted to manipulating fractions. I do find the chapter a little curious. Given that the intended reader is at least in high school, the chapter should be totally unnecessary. This also applies to another early chapter, on writing decimals and fractions as percents. Primary school stuff. Grades 3-4 roughly. A typical high school student should reasonably have this down pat. Or maybe some do not, given the wide variance in today's schools and in students' preparation. Still, if I had been the author, I would have omitted these 2 chapters. A chapter on taxes uses a US Internal Revenue Service Form 1040 as a good relevant example, to motivate the reader. It has the salutary effect that if you understand the chapter, then it can remove some of the dread and mystery of doing taxes. Another chapter, on risk management, educates the reader on different types of insurance, like for cars or life. Also useful for many readers, as they are quite likely to need car insurance and one day life insurance. The maths starts to get a little more involved, when simple interest is replaced by compound interest. Several important applications use this, including when you have an annuity. By this time into the text, a calculator would certainly be handy. The maths covered here is basically everything up to, but not including, calculus. The chapters have problem sets and some answers, which helps the book's suitability as a school text.
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