Received 22.02.2023, Revised 15.05.2023, Accepted 14.06.2023

THE APPLICATION OF FINANCIAL MATHEMATICS TO HOUSEHOLDS

Y.U. Dautov

Almost everyone can correctly answer the question, "What is the number that is 20% (or 25%, or 100%) of the number 200%?". Purpose: This article examines the application of methods of financial mathematics in calculating the accumulated value resulting from depositing an initial amount in a bank at a given interest rate in a household setting. In addition, it shows the mathematical techniques for the study of such key concepts of microeconomics as demand, supply, and the equilibrium of supply and demand. It was taken into account that "microeconomics begins with the study of supply and demand"

initial contribution, interest rate, accumulated value, simple interest, compound interest, demand, supply, equilibrium point
347-351
Dautov, Y.U. (2023). THE APPLICATION OF FINANCIAL MATHEMATICS TO HOUSEHOLDS. Bulletin of the Bishkek State University, 21(1), 347-351. https://doi.org/10.35254/bhu/2023.63.61

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