# # Simple Definition of Business Mathematics And Advantages of Business Mathematics. "Business mathematics may be define different mathematical formulas or mathematical steps which are taken for developmentin business . Large number of business theories which is used to solve business problems are included in businessmathematics." Explanation of Definition of Business Mathematics From this simple definition , we find that business mathematics isnothing more than different formulas and theories like interestrate , annuity rate , matrix theory , linear programming theory and probability theory and many more. With these formulas and theories business can calculate many solutions of different problems . Advantages of Business Mathematics *.With interestrate of maths , businessman can calculate the interest on debt , loan or bonds. *.With matrix, businessman can calculate salary bill of different department and branches . *.With Linear programming , business can determine the quantity of two products at whichprofit is maximize or cost is minimize . *.With discounting and factoring technique businessman can calculate present value of bill , rat of discounting the bill and banker's gain *.With currency translation formula of maths , businessman can cost of currency between twocountries . *.With Assignment solution technique businessman can solve transportation problems. *.Large number of business estimations are done on the basisof probability theoryof business mathematics . *.Market research bureau can use consistency data theory of business mathematics for calculating estimating profit , capital and sale of business.