Mathematics

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Mathematics
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Mathematical modeling
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A mathematical model
A representation of a system or scenario that is used to gain qualitative and/or quantitative understanding of some real-world problems and to predict future behaviour
Important components in mathematical modeling
Assumptions in mathematical modeling
Usually start with the simplest variable then consider the more complex ones
A variable
A quantity with an unknown value
Verifying and interpreting solutions
Consideration of some questions about the solution of the chosen problem
Simple interest
A reward given to the depositor at a certain rate on the principal amount for a certain period of time
The formula calculates simple interest

I is the interest, P is the principal, r is the interest rate and t is the time in years
Linear function
A graph resembles a straight line
Quadratic function
A curved graph in the form of a parabola, the curve may rise and then fall or fall and then rise
Exponential function
A curved graph illustrating an increase or decrease in values of data at a sharp rate
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