Question

BANKING AND MATHEMATICS Write different aspects in bank where Mathematics is used and explain them briefly with examples and suitable illustrations. maths

Answer 1

Answer:

Mathematics is very useful in field of banking and involved in many operations like

• Accounting Operations

• In handling large sum of money

• In risk Assessment which can be evaluated by using complex mathematical models.

• Economics

• Financial Trends and Predictions

• In investment Banking

• While doing partial differential calculus, stochastic calculus and probability.  

Step-by-step explanation: