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Welcome to Week 8 Tutorial 8 of the course "Mathematics for Data Science I" by Profs. Neelesh Upadhye, Madhavan Mukund. Full Course: https://study.iitm.ac.in/ds/course_pages/BSMA1001.html Video Overview In this tutorial, we solve a financial mathematics problem based on compound interest. We calculate the future value of an investment (Ramya’s startup fund) given the principal amount, an interest rate compounded quarterly, and the time period. We then explore how to determine the required interest rate needed to meet a specific financial goal after a set number of years, linking the idea directly to inverse functions. This session connects mathematical concepts to real-world applications in finance and investment planning. About IIT Madras' online Bachelor of Science programme IIT Madras offers four-year BS programmes that aim to provide quality education to all, irrespective of age, educational background, or location. The BS programme has multiple levels, which provide flexibility to students to exit at any of these levels. Depending on the courses completed and credits earned, the learner can receive a Foundation Certificate from IITM CODE (Centre for Outreach and Digital Education), Diploma(s) from IIT Madras, or BSc/BS Degrees from IIT Madras. For more details, visit: https://www.iitm.ac.in/academics/study-at-iitm/non-campus-bs-programmes #compoundinterest #financialmath #investment #futurevalue #interestrate #inversefunction #quarterlyinterest #banking #rateofreturn #financialplanning #problemSolving #mathematics #datasciencemath #iitmadras #onlinestudy
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