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An equated monthly instalment(EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Successive differentiation is the process in which we can differentiate the function successively multiple times and the derivative we find is called the successive derivative.
Taylor series method to solve the first order ordinary differential equation- The general first order differential equation
Sample space: Set of all possible outcomes of a random experiment is known as sample space and we denote it by S, and the
Simpson’s rules are very useful in numerical integration to evaluate such integrals.
The differential equations having function of the same degree are said to be homogeneous differential equations.
An annuity is a sequence of equal payment or a sequence of regular payment at regular intervals or in other words.
The method of variation of parameters is the general method which we use to find out a particular solution of a differential equation by replacing the constants in the solution of the homogeneous differential equation by functions and evaluating these functions so that the original DE will be satisfied.
Taylor series method to solve the first order ordinary differential equation- The general first order differential equation
The ratio test is also known as D Alembert’s ratio test. It was first published by Jean le Rond d’ Alembert.
We can lend or borrow money from one entity to another. The price to be paid for the use of a certain amount of money for a certain period of time is known as interest.
This method was given by Leonhard Euler. Euler’s method is the first order numerical method for solving ordinary differential equations with given initial value.