Applications of derivatives in real life include solving optimization issues. Optimization refers to the process of determining minimum or maximum values.Know More
Some examples of optimization issues in business are maximizing a company's profits and minimizing its expenditure. In manufacturing, optimization helps to determine the amount of material that is required for making a specific item.
The velocity of a satellite in a specific direction can be calculated using derivatives. The maximum fencing area with a specific fencing length can also be calculated. Derivatives are beneficial in determining normals and tangents to curves related to forces acting on a moving object. For example, a moving car on a circular track involves a normal curve application while a car around the corner involves a tangent curve application.Learn more about Financial Planning
Some examples of circles in real life are camera lenses, pizzas, tires, Ferris wheels, rings, steering wheels, cakes, pies, buttons and a satellite's orbit around the Earth. Circles are simply closed curves equidistant from a fixed center.Full Answer >
The formulas of algebra are used every day in real life when distance needs to be determined, volumes in containers need to be figured out and when sale prices need to be calculated. When using a recipe and doubling it or cutting it in half, algebra is used to determine the exact amount of ingredients. Basic algebraic equations are used almost every day although people often do not realize it.Full Answer >
The parties listed in a life estate deed can initiate a revocation as the lawful owners of the property, according to FinWeb.com. Another option is to determine the parties committed fraud or were not in their sound legal mind, although this is difficult to prove and legal costs are high.Full Answer >
The required minimum distribution is calculated by dividing the prior December 31st balance of an IRA by a life expectancy factor published in IRS tables, according to the IRS. Therefore, this amount is different for everyone. RMDs must be taken for the year in which a person turns 70 1/2.Full Answer >