MAT 121
MATHEMATICS FOR BUSINESS AND INFORMATION SCIENCE
LECTURE 21
WING HONG TONY WONG
5.1 Compound Interest
The formula for compound interest is
A = P (1 + i)n ,
where A = Accumulated amount at the end of n conversion periods;
P = Principal;
r = Nominal
MAT 121
MATHEMATICS FOR BUSINESS AND INFORMATION SCIENCE
LECTURE 22
WING HONG TONY WONG
5.2 Annuities
The formula for future value of an annuity is
(1 + i)n 1
S=R
,
i
where S = Future value of an annuity;
R = Recurrent payment at the end of each investmen
MAT 121
MATHEMATICS FOR BUSINESS AND INFORMATION SCIENCE
LECTURE 27
WING HONG TONY WONG
3.2 Linear programming problems
A linear programming problem is always of the same form similar to the following:
Maximize/Minimize P = 2x + 3y + 4z
subject to
x + 2y
MAT 121
MATHEMATICS FOR BUSINESS AND INFORMATION SCIENCE
LECTURE 30
WING HONG TONY WONG
3 Linear programming: A geometric approach
Example 1. (3.1.24) Determine graphically the solution set for the system of inequalities
and indicate whether the solution
MAT 121
MATHEMATICS FOR BUSINESS AND INFORMATION SCIENCE
LECTURE 31
WING HONG TONY WONG
4.1 The simplex method: Standard maximization problems
When we solve a linear programming problem using a geometric approach, it was working
great. However, if we have