There are some valuable applications that are beneficial for everyone. First let's look at how polynomials are used in finance.
"Assessment of present value is used in loan calculators and company valuation.
It involves polynomials that back interest accumulation out of future liquid transactions...
Tax and economic calculations can usually be written as polynomials as well" (Dohrman).
Polynomials play a role in financial mark models for interest rates and credit risk
(Filipovic & Larsson, 2016).
Example:Polynomials can be used to figure out a budget with every paycheck you get.
If you have a specific amount of money that you would like to have by a certain time,
then using a basic polynomial equation will help figure out how many hours of work you
need to put in, how much you need to save from every paycheck, and how long i will take to
save up a specific amount of money.
We see polynomials in electronics. The definition of resistence, \(V=IR\), is
a polynomial relating the resistance from a resistor to the current through it and
the potential drop accros it (Dohrman). In our math classes we see a lot of word
problems involving calculating the amount of materials needed to cover surfaces (Huebner).
If you have interest in construction or DIY project, polynomials
are used to plan for materials that will be used. Polynomials can be used
in any 2-D construction such as garden surface, driveway, sidewalk, and patio construction.
Gravitation acceleration, or the rate at which objects fall, can b calculated using polynomials.
The polynomial equation needs to include the object's initial position, its
initial velocity and its acceleration, which is a constant figure (Huebner).
Relating to chemistry, gas equations relating diagnostic paramenters can usually
be written as polynomials. For example, gas law says \(PV=nRT\), where \(n\)
is mole count and \(R\) is a proportinality constant (Dohrman). You can even
use polynomials at the grocery store to find out the totaly of your groceries before you get
to the checkout line.