,CIMA Official
Learning System
Relevant for
Computer-Based Assessments
C3 – Fundamentals
of Business
Mathematics
CIMA Certificate in
Business Accounting
Graham Eaton
,CIMA Publishing is an imprint of Elsevier
Linacre House, Jordan Hill, Oxford OX2 8DP, UK
30 Corporate Drive, Suite 400, Burlington, MA 01803, USA
First edition 2008
Copyright © 2009 Elsevier Ltd. All rights reserved
No part of this publication may be reproduced, stored in a retrieval system
or transmitted in any form or by any means electronic, mechanical, photocopying,
recording or otherwise without the prior written permission of the publisher
Permissions may be sought directly from Elsevier’s Science & Technology Rights
Department in Oxford, UK: phone (⫹44) (0) 1865 843830; fax (⫹44) (0) 1865 853333;
e-mail: . Alternatively you can visit the Science and Technology Books
website at www.elsevierdirect.com/rights for further information
Notice
No responsibility is assumed by the publisher for any injury and/or damage to persons
or property as a matter of products liability, negligence or otherwise, or from any use
or operation of any methods, products, instructions or ideas contained in the material herein.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloguing in Publication Data
A catalogue record for this book is available from the Library of Congress
978-1-85617-783-2
For information on all CIMA publications visit
our website at www.elsevierdirect.com
Typeset by Macmillan Publishing Solutions
(www.macmillansolutions.com)
Printed and bound in Italy
09 10 11 11 10 9 8 7 6 5 4 3 2 1
, Contents
The CIMA Learning system ix
How to use your CIMA Learning System ix
Study technique xi
Computer-Based Assessments xii
Fundamentals of Business Mathematics and Computer-Based Assessments xiii
Learning outcomes and indicative syllabus content xiv
Mathematical Tables xix
1 Basic Mathematics 1
Learning Outcomes 3
1.1 Introduction 3
1.2 Mathematical operations and brackets 3
1.3 Different types of numbers 4
1.4 Rounding 5
1.4.1 Rounding to the nearest whole number 5
1.4.2 Significant figures 5
1.4.3 Decimal places 6
1.4.4 Rounding up or rounding down 6
1.5 Powers and roots 7
1.5.1 Definitions 7
1.6 Mathematical operations in Excel 8
1.6.1 Rounding numbers in Excel 8
1.7 Variables and functions 10
1.8 Formulae 11
1.9 Exponential numbers 13
1.10 Solving equations 14
1.10.1 Linear equations with only one variable 14
1.10.2 Quadratic equations with only one variable 15
1.10.3 Simultaneous linear equations 16
1.11 Manipulating inequalities 18
1.12 Percentages and ratios 19
1.13 Accuracy and approximation 20
1.14 Errors from rounding 21
1.15 Using Excel to produce graphs of Linear and Quadratic Equations 21
1.15.1 Producing a single linear equation in Excel 21
1.15.2 Drawing multiple equations on a single graph 22
1.15.3 Single quadratic equation 23
1.15.4 Two quadratic equations on one graph 24
1.16 Using Excel to produce the graph of a hyperbola 25
1.17 Summary 26
Revision Questions 27
Solutions to Revision Questions 33
iii
Learning System
Relevant for
Computer-Based Assessments
C3 – Fundamentals
of Business
Mathematics
CIMA Certificate in
Business Accounting
Graham Eaton
,CIMA Publishing is an imprint of Elsevier
Linacre House, Jordan Hill, Oxford OX2 8DP, UK
30 Corporate Drive, Suite 400, Burlington, MA 01803, USA
First edition 2008
Copyright © 2009 Elsevier Ltd. All rights reserved
No part of this publication may be reproduced, stored in a retrieval system
or transmitted in any form or by any means electronic, mechanical, photocopying,
recording or otherwise without the prior written permission of the publisher
Permissions may be sought directly from Elsevier’s Science & Technology Rights
Department in Oxford, UK: phone (⫹44) (0) 1865 843830; fax (⫹44) (0) 1865 853333;
e-mail: . Alternatively you can visit the Science and Technology Books
website at www.elsevierdirect.com/rights for further information
Notice
No responsibility is assumed by the publisher for any injury and/or damage to persons
or property as a matter of products liability, negligence or otherwise, or from any use
or operation of any methods, products, instructions or ideas contained in the material herein.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloguing in Publication Data
A catalogue record for this book is available from the Library of Congress
978-1-85617-783-2
For information on all CIMA publications visit
our website at www.elsevierdirect.com
Typeset by Macmillan Publishing Solutions
(www.macmillansolutions.com)
Printed and bound in Italy
09 10 11 11 10 9 8 7 6 5 4 3 2 1
, Contents
The CIMA Learning system ix
How to use your CIMA Learning System ix
Study technique xi
Computer-Based Assessments xii
Fundamentals of Business Mathematics and Computer-Based Assessments xiii
Learning outcomes and indicative syllabus content xiv
Mathematical Tables xix
1 Basic Mathematics 1
Learning Outcomes 3
1.1 Introduction 3
1.2 Mathematical operations and brackets 3
1.3 Different types of numbers 4
1.4 Rounding 5
1.4.1 Rounding to the nearest whole number 5
1.4.2 Significant figures 5
1.4.3 Decimal places 6
1.4.4 Rounding up or rounding down 6
1.5 Powers and roots 7
1.5.1 Definitions 7
1.6 Mathematical operations in Excel 8
1.6.1 Rounding numbers in Excel 8
1.7 Variables and functions 10
1.8 Formulae 11
1.9 Exponential numbers 13
1.10 Solving equations 14
1.10.1 Linear equations with only one variable 14
1.10.2 Quadratic equations with only one variable 15
1.10.3 Simultaneous linear equations 16
1.11 Manipulating inequalities 18
1.12 Percentages and ratios 19
1.13 Accuracy and approximation 20
1.14 Errors from rounding 21
1.15 Using Excel to produce graphs of Linear and Quadratic Equations 21
1.15.1 Producing a single linear equation in Excel 21
1.15.2 Drawing multiple equations on a single graph 22
1.15.3 Single quadratic equation 23
1.15.4 Two quadratic equations on one graph 24
1.16 Using Excel to produce the graph of a hyperbola 25
1.17 Summary 26
Revision Questions 27
Solutions to Revision Questions 33
iii
