Business Mathematics

General Course Information

Course Lecturer Name(s):  Mr. David Shaw, MBA

Course Director Name: N/A

Course Lecturer(s) Contact Information:  extension 473-444-475 ext. 3746

Course Director Contact Information: N/A 

Course Lecturer(s) Office Hours:  CB2 1st Floor 

Course Director Office Hours: N/A

Course Lecturer(s) Office Location:  TBD, by appointment

Course Director Office Location: N/A  

Course Support: Tracy Fortune,, ext 3373

Course Management tool: To learn to use Sakai, the Course management tool, access the link

Course Curriculum Information

Course Description: 

Business Mathematics is a course that focuses on the mathematical tools that a  student will use both in their professional and personal lives.  The course will introduce the concepts of the time value of money, retail evaluations, and mortgage and credit calculations.

Course Objectives: 

  1. Understand the functional activities that occur in financial institutions.
  2. Understand and be acquainted with various types of business transactions  and activities.
  3. Perform Simple Interest Computations.
  4. Be aware of the concepts of compound interest and present value and perform computations as required.
  5. Understand the concept of annuities and its applications in investment decisions.
  6. Understand the concept of sinking funds and perform the appropriate computations.
  7. Perform computations involving the granting of credit.
  8. Articulate different depreciation techniques.

Student Learning Outcomes:

  1. At the conclusion of this course, a student will have a basic understanding of the mathematical and financial concepts needed to be successful in the more the advanced financial, accounting, and marketing courses of study that they will encounter in their academic careers.

Program Outcomes Met By This Course:

ISLO-2: Students will be able to utilize the relevant ICT tools to analyze problems and propose solutions that aid in management decision making.

SAS Grading Scale: Grades will be assigned as follows:

A  = 89.5% or better

B+ = 84.5 - 89.4%

B  = 79.5 - 84.4%

C+ = 74.5 - 79.4%

C = 69.5 - 74.4%

D = 64.5 - 69.4%

F = 64.4% or less 

Course Materials:

Text: Business Math Brief – Tenth Edition By: Cheryl Cleaves / Margie Hobbs / Jeffrey Noble

Supplementary Readings/Resources: N/A

Course Grading Requirement:

The final grade will be determined from the following plus an individual group evaluation that may affect all group examination grades.

Assignments/Participation/Quiz   10%

Group Mid-term exam  


20% (Based on the 1st half of the course)

Group Final Exam             


20% (Based on the 2nd half of the course)

Individual Mid-term        


25% (Based on PV & FV calculations)

Individual Final                 


25% (Based on Annuities)

Course Requirements:

  • Participation in class discussions.
  • Active participant in group.
  • Completion of all assignments.
  • Satisfactory completion of quizzes.
  • Successful completion of both mid-term and final examination, individual / group

Course Schedule

Chapter 4


Chapter 8

Trade and Cash Discounts 

Chapter 9

Markup and Markdown.

Chapter 11

Simple Interest and Simple Discount 

Chapter 12

Consumer Credit

Chapter 13

Compound Interest, Future Value, and Present Values

Mid-Term Exam Group
Chapter 14 Annuities and Sinking Funds
Mid-Term Exam Individual/ PV & FV
Chapter 12 Buying on Credit
Final Exam Individual / Annuities & Sinking Funds Mortgages. Depreciation
Final Exam Group

School of Arts and Sciences Master Syllabi — Info for All Sections

Plagiarism Policy

Academic Integrity

The St. George’s University Student Manual (2019/2020) states as follows:

Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).

Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.

Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.

Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.

Attendance Requirement

The St. George’s University Student Manual (2019/2020) states as follows:

Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).

Examination Attendance

The St. George’s University Student Manual (2019/2020) states as follows:

All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).

For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.

Student Accessibility and Accommodation Services Policy

The St. George’s University Student Manual (2019/2020) states as follows:

A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).


It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.