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Some Applications of Mathematics in Finance Sector

IRIS                       

Journal for Young Scientists

ISSN 2278-618X (Print)

ISSN 2278-6384 (Online)

© Patna Women’s College, Patna, India

http://www.patnawomenscollege.in/journal

Some Applications of Mathematics in Finance Sector

 • Amisha Rajshree • Rachana Kumari • Sana Fatima • Seema Mishra

Received                  : July, 2022

Accepted                 : August, 2022

Corresponding Author   : Seema Mishra

Abstract: The complexity of financial transactions in the world of real stock markets and industry at large cannot be understated. Mathematics is critical to the finance sector. The use of mathematics and statistics within the field of finance has been increasing substantially in the past and will continue to increase. The present study is to determine the best bank for the consumers. In the following paper, we have studied

and analyzed various modes of payments a bank provides and chose the best bank among them individually. Obtained results are compatible with the present rates of individual banks.

Keywords: Financial Mathematics, Cash Flow, Interest Rate, Annuity, Time Period.

Amisha Rajshree

B.Sc. III year, Mathematics (Hons.), Session:2019-2022,

Patna Women’s College (Autonomous),

Patna University, Patna, Bihar, India

Rachana Kumari

B.Sc. Ill year, Mathematics (Hons.), Session:2019-2022,

Patna Women’s College (Autonomous),

Patna University, Patna, Bihar, India

Sana Fatima

B.Sc. III year, Mathematics (Hons.), Session:2019-2022,

Patna Women’s College (Autonomous),

Patna University, Patna, Bihar, India

Seema Mishra

Assistant Professor, Department of Mathematics

Patna Women’s College (Autonomous),

Bailey Road, Patna-800001, Bihar, India

E-mail: seema.math @patnawomenscollege.in