There are many applications in which calculus is used in real life, such as calculating minimum payments due on credit cards, determining the length of cable required to connect two substations and evaluating survey data. Just as geometry is the mathematical study of shapes, calculus is the mathematical study of change.
Know MoreOne of the most common ways in which calculus is used in everyday life is the calculation of monthly payments by credit card companies. When the customer's statement is processed, it is important that the minimum amount due reflects all the current variables. Calculus comes into play because the companies consider fluctuating interest rates and changing balances.
The length of cables used to connect substations has to be calculated exactly. The calculation is not as straightforward as measuring a straight line because the cable hangs from poles. This results in a curved line, and using calculus takes that change into account.
Survey data is used in a number of different applications, including developing business plans. Surveys normally are made up of a variety of questions which result in a wide range of answers. By using calculus, all of these different variables are taken into account, which results in a more precise plan of action for the company.
Learn more in CalculusIn real life, integers are used in different sports, and when people utilize banks to deposit or withdraw cash, read a temperature below zero, calculate a loss or gain in stocks or look at a posted speed limits. When a person withdraws $50 from a bank account, the total in the account goes down by the negative integer of 50. Another example is when temperatures are either very low or high.
Full Answer >Fractions are used in real life in many different ways, but they are most commonly used in the cooking, construction and science industries. Because fractions describe an object or substance that has been divided into different equal parts, fractions can be found almost anywhere.
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 >Radical expressions are used in real life in carpentry and masonry. Rational expressions are used to compute interest and depreciation in the financial industry.
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