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Examine how algebraic functions are used in business and finance to calculate and compare rates of simple and compound interest, to store products, and to track profit and loss in a business setting. Includes five segments.
- Percent and Principle:Simple Interest — Demonstrates how interest is calculated.
- Money in the Bank:Compound Interest — Explains how this type of interest can greatly increase your savings — or your expenses.
- Linear Programming:Business Constraints — Investigates how a store owner can maximize profits.
- Making Dough: Profits and Loss — Explores what it takes to create a successful business.
- Math and Mercantilism in the Colonial Era — Examines how math helped form the basis of modern commerce.
