Mathematical Prerequisite
1
Session Plan in Brief
Topics Numbers of Hours
Progression 2
Time Value of Money 4
Matrices & Determinants 4
Differential Calculus 3
Integral Calculus 3
2
Books
• Akhilesh, K. B., & Balasubrahmanyam, S. (2008).
Mathematics and statistics for management..
• Budnick, F. S. (2010). Applied Mathematics for
Business, Economics, and The Social Science- Tata
McGraw Hill(4/E)
• Rajagopalan S P and Sattanathan R (2010).
Business Mathematics. Tata McGraw Hill (2/E)
• Kashyap, T. and Trivedi, C(2011). Business
Mathematics. Pearson Education India.
3
Linkage to Learning Goals
• Upon completion of the subject, students will
be able to:
– Identify, analyze and interpret relevant issues
(Outcome 2.1);
– Demonstrate skills of analysis and synthesis of
relevant Data.(Outcome 2.2);
4
Assessment Plan
Specific Total Marks Intended subject learning outcomes
assessment 50 to be assessed (Please tick as
methods/tasks appropriate)
Continuous 50 Identify, analyze Demonstrate skills
Assessment and interpret of analysis and
relevant issues synthesis of
relevant Data
INDIVIDUAL: 50
Individual Quiz 20
Mid Term Test 20
Assignment 10
Total 50
5
Mathematical Progression
6
Arithmetic Progression
• Sequence: a, a+d, a+2d,……., a+(n-1)d
• Tn = a+(n-1)d
• Sum of the sequence
S n 2a (n 1)d
n
2
7
AP Problem 1
• Suppose that when you
are a teenager, your
height increases at a
steady rate of 3 inches
every year. If your present
height is 48 inches, then
how many years will you
take to grow to 66 inches
tall?
8
AP Problem 2
• The figure shows the
concentric circles with
radii 1,3,5,7 … and so
on. Find the area of
18th circle.
• 1225pi
9
AP Problems 3,4
• In the arithmetic progression -110, -107, -104 so on
the nth term is the first positive number. What is n?
• The sum of the fourth and twelfth term of an
arithmetic progression is 20. What is the sum of the
first 15 terms of the arithmetic progression?
A. 300
B. 120
C. 150
D. 170
E. 270
10
AP Problem 5
• The number of red circles in the diagram
forms an arithmetic progression. What is the
sum of the first 10 terms of this sequence?
11
AP Problem 6
• You're the captain of your
cricket team which is taking
part in a series of matches.
In the first match you score
40 runs and in the last
match you score 100 runs.
Provided that your score
increases by 12 runs in each
match, find your total score
throughout the series.
12
AP Problem 7,8
• If the sum of first n terms of an arithmetic progression is given by ,
what is the 24th term of the AP?
• What is 2+4+6 +…+30
1. 14x15
2. 15x16
3. 29x30
4. 30x31
The sum of the even numbers between 1 and k is 79*80, where k is an
odd number, then k=?
(A) 79
(B) 80
(C) 81
(D) 157
(E) 159
13
AP Problem 9
• As a young boy, Gauss was able to calculate
math quickly. He was asked for the value of
1+2+3+…+100.
• What was his answer
14
AP Problem 10,11 ,12
• a1, a2, a3, …., a98 are terms in an arithmetic
progression with common difference 1 such that their sum
is 147. What is the sum of the even terms of this
progression?
• 1000 chocolates are placed on a table. On their covers, they
are labeled 1,2,3,4,…1000.. Two friends Sandeep and
Abhiram eat chocolates labelled in the arithmetic
progressions 3,6,9,12, 15, …and 7, 14, 21, 28,
…respectively. If ever there is any conflict between them
i.e. if both are entitled to eat the same chocolate, Sandeep
eats it. So, what is the total number of chocolates which are
not eaten?
• What is the largest positive integer that must be a divisor of
the sum of an arithmetic sequence with 90 integer terms?
15
Harmonic Progression
• If the 10th term of a harmonic progression is 21
and the 21st term of the same harmonic
progression is 10, then find the 210th term.
• The sum of three consecutive terms in a
harmonic progression is 37, and the sum of their
reciprocals is 1/4. Find the three numbers.
1. 17, 5, 5
2. 15, 22, 0
3. 10, 12, 15
4. 5, 10, 22
16
Geometric Progression
• Sum of a Geometric Series starting with b with
common ratio r is given as
br 1
n
S , if r 1
r 1
n
b1 r n
, if r 1
1 r
• If n , S n
b
1 r
17
GP Problem1,2
• What is sum 0f the series 1,
1/3, 1/9
• One side of an equilateral
triangle is 24 cm. The
midpoints of its sides are
joined to form another
triangle whose midpoints, in
turn, are joined to form still
another triangle. This process
continues [Link] the
sum of the perimeters of all
these triangles that are
defined above.
18
GP Problems 3, 4
• What is the value of the series
• The sum of the first 2011 terms of the
geometric sequence is 200. The sum of the
first 4022 terms of the same geometric
sequence is 380. Find the sum of the first 6033
terms of this geometric sequence.
19
• A company selects an employee at his 25th age and offers salary as
Rs.40000 per annum for first 2 years. Afterwards, every year he gets
increment of Rs.4000 for next 15 years and his salary become
constant till his retirement. If Rs.80,000 is his average salary
(throughout his career) then at what age he retires?
a) 52 b) 48 c) 42 d) 40
• A man hired by a company at his 20th age with starting salary of
Rs.20000 per year. After 3 years, he gets Rs.2000 per year as
increment for next 10 years. Afterwards, he gets Rs.3000 per year
as increment for the remaining years till he retired. If he retires at
his 40th age, then what will be his average salary per annum
(throughout his career)?
• a) Rs.26900 b) Rs.42300 c) Rs.29900 d) Rs.36700
20
• A business starts a new website. Initially the
number of hits is 293 due to the curiosity
factor. The business estimates the number of
hits will increase by 2.6% per week.
• a. Write a formula for the number of hits.
• b. Estimate the number of hits in 5 weeks.
21
GP Problem 5
• I have a pint of orange juice.
I drink half of it and then
give it to you. You drink half
of what's remaining, and
then pass it back to me. I
drink half of what's
remaining and then give it
to you. If this process
continues forever, how
much of the pint will I
drink?
22
Problem 6
• An infinite crowd of
mathematicians enters a bar.
The first one orders a pint, the
second one orders a half pint,
the third one orders a quarter
pint, and so on. The bartender
interrupts, "I get it!" – then
pours the order for all of the
mathematicians. How many
pints does the bartender
pour?
23
GP Problems 7-14
• If + +…..=15. Find x
• In the geometric series -7, 14, -28,… If the nth term is 224, what is
n?
• The third, 4th and 5th terms of a geometric series are 45, 135, 405
what is second term?
• What is the geometric mean of 5 and 45?
• Find the geometric mean of ,….,
• What is geometric mean of 63, 143, 27?
• Find
• A bookshelf has 6 shelves. The top shelf has 2 books, and each
other shelf has 3 times as many books as the shelf directly above it.
If you want to read a book from the shelves, how many choices do
you have?
24
Problems 15-18
• A series has 7 terms. If fourth term is 48 and fifth
term is 96. Find the sum of the seven terms?
• There is a cuboid with dimensions If
10, a, b form a geometric progression and the
volume of the cuboid is 1000, what is the value
of a?
• Consider a geometric progression with initial
term 4 and common ratio 5. What is the smallest
value of n for which the sum of the first n terms is
greater than 800?
• Evaluate the sum to infinity
25
GP Problems 19-21
• Find terms
• First three terms of a GP are in the form
Find the sum to infinity . If the sum is in form of
. Find a+b+c+d
• Given arithmetic progressions, each of which
consisting of n terms, if their first terms are 1, 2,
…p-1, p and common differences are 1, 3, 5, 7,
…2p-3, 2p-1 respectively, what is the sum of all
the terms of all the arithmetic progressions?
26
• Two posts were offered to a man. In the first
one, the starting salary was Rs 120 per month
and annual increment was Rs 8. In the second
one, the salary commenced at Rs 85 per
month, but the annual increment was Rs 12.
He decided to accept the post which would
give more earnings in the first 20 years of
service. What post was acceptable to him?
Justify the answer.
27
• A machine depreciates by 8% of its value at the
beginning of a year. If the machine was purchased for
Rs 15000 what is the minimum number of complete
years at the end of which the worth of machine will not
exceed 2/5 of its original value
• ABC Company LTD has earmarked a fund Rs 1 crore
towards the payment of remuneration to a consultant
for his advisory services rendered during a month. His
pay package for one month is as follow:
He charges RS 1 for the first day, Rs 2 for the 2nd day, Rs
4 for the 3rd day, Rs 8 for the 4th day and so on. What is
the total remuneration for that one month? Can the
company afford to pay his remuneration?
28
