BFM Numericals Solved · Part 1: Toolkit

Chapter 1: Conventions and the calculator

The keys, the units and the rounding rules that every later chapter relies on.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 1.1The calculator you may usep. 3
• 1.2Per cent, basis points and Indian unitsp. 4
• 1.3Rounding without losing marksp. 5
• 1.4Powers and roots on a basic calculatorp. 6
• 1.5Day countsp. 8
• 1.6Simple, compound and effective ratesp. 10
• 1.7Annualising a returnp. 11
• 1.8Interpolationp. 12
• Exam traps and the book’s conventionsp. 13
• Practice: 11 questions in two roundsp. 14
• Answers, with every wrong option explainedp. 15
• Chapter 1 on one pagep. 16

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.