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Course Description

Schoolcraft is excited to offer traditional credit face-to-face, hybrid, online, and remote classes. We are committed to providing students a safe experience based on recent COVID-19 concerns.

Please see the COVID-19 web page to learn more. Keep checking the schedule for additions on our New, Added, and Late Starting Courses web page.

Mathematics - MATH 101

Business Mathematics

3 Credit Hours
3 Lecture Hours

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.


(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; 2021; MATHEMATICS; No of Weeks : 12; Begins : 09/21/2021

 101142419Business MathONL3House H5/31/0Open$12.00 

Fall; 2021; MATHEMATICS; No of Weeks : 15; Begins : 08/30/2021

 101142401Business MathONL3Jankoviak Anderson K5/31/0Open$12.00 
 101142411Business MathONL3Jankoviak Anderson K9/31/0Open$12.00 
 101143020Business MathRMT3Weyand G11/24/0Open$12.00F  09:00 AM-11:54 AM WEBWEB
 101143023Business MathRMT3Weyand G7/24/0Open$12.00T R  08:00 AM-09:20 AM WEBWEB

Winter; 2022; MATHEMATICS; No of Weeks : 12; Begins : 01/31/2022

 101112428Business MathONL3House H23/31/0Open$12.00 
 101112430Business MathONL3House H26/31/0Open$12.00 

Winter; 2022; MATHEMATICS; No of Weeks : 15; Begins : 01/10/2022

 101112426Business MathONL3Jankoviak Anderson K7/31/0Open$12.00 
 101112427Business MathONL3Jankoviak Anderson K26/31/0Open$12.00 
 101113051Business MathMC3Capps D17/24/0Open$12.00T R  06:00 PM-07:20 PM BTC320
 101113137Business MathMC3Krishnan V3/24/0Open$12.00M W  03:00 PM-04:20 PM BTC170

Key: Day of the Week

  • T = Tuesday
  • R = Thursday
  • S = Saturday
  • X = Sunday