Commercial Mathematics

This chapter covers topics like computation of tax, goods and services tax (GST), and input tax credit (ITS).

In this chapter, we will learn the concept of banking and its types. It mentions the basic terms related to the recurring deposit account. We will also learn about the calculation of interest and maturity value on recurring deposit.

This chapter discusses the terms shareholder, market value, at par, at premium and at discount. It mentions the important formulas related to share and dividend via examples. It also briefs on the annual income and yield percentage.