# Course Description

Schoolcraft is excited to offer traditional credit face-to-face, hybrid, online, and remote classes for Fall 2020 while providing students a safe experience based on recent COVID-19 concerns.

# Mathematics - MATH 101

### Course Description

This course offers a review of fundamentals of arithmetic along with coverage of percentage, simple and compound interest, taxes, insurance, bonds and their applications to business practice.

### Prerequisites

(A requirement that must be completed before taking this course.)

• MATH 45 with a minimum grade of 2.0 or a minimum score of 16 ACT-Math, 22 SAT-Math, 60 CPT-Arithmetic or 240 NGA-Arithmetic.

### Course Competencies

Upon successful completion of the course, the student should be able to:

• Calculate basic arithmetic problems with whole numbers, fractions, decimals, percents and ratios.
• Solve algebraic equations and word problems.
• Use key terminology related to business mathematics.
• Balance a checking account.
• Compute gross pay, employee deductions and employer contributions.
• Solve problems involving simple and compound interest, promissory notes and present value.
• Calculate maturity dates, values and time periods related to loans.
• Calculate various types of discounts on invoices.
• Compute markup and markdown on items.
• Calculate present or future value of an annuity.
• Calculate amount of a sinking fund and amortization payment.
• Calculate payments and costs associated with both open- and closed- end credit.
• Determine the most cost effective mortgage based on the payment details and costs.
• Calculate depreciation using standard methods.
• Solve problems involving life, property and motor vehicle insurances.

### Course Schedule

CourseSectionCourse TitleLocationCredit HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2020; MATHEMATICS; No of Weeks : 12; Begins : 09/22/2020

Fall; 2020; MATHEMATICS; No of Weeks : 15; Begins : 08/31/2020