Business Mathematic

Lecture on Binomial Theorem

Lecture on Binomial Theorem

There are several closely related results that are variously known as the binomial theorem depending on the source. Even more confusingly a number of these (and other) related results are variously known as the binomial formula, binomial expansion. Binomial theorem describes the algebraic expansi.....

Read More »

Lecture on Combination

Lecture on Combination

Combinations refer to different sets or groups made out of a given lot, without repeating an element, taking one or more of them at a time. If a number of things is given, each collection of things which can be made out of the above things is called  a combination.

.....

Read More »

Lecture on Basic Binomial Theorem

Lecture on Basic Binomial Theorem

Binomial Theorem describes the algebraic expansion of powers of a binomial. According to the theorem, it is possible to expand the power (x + y)n into a sum involving terms of the form axbyc, where the exponents b and c are nonnegative integers with b + c = n, and the coefficient a of each term.....

Read More »

Lecture on Basic Annuity

Lecture on Basic Annuity

Annuity is financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Suppose, we want to make payment of Tk.5000 each year for 10 years to an account which earns 6 p.....

Read More »