The Reasons Why Math is Important in Everyday Life

Math in real estate is an important thing because it is the main way of figuring out your profit in real estate. Math in real estate is also a part of the job, you need to know how to determine the price of land, commission, and closing cost. Although the math used in real estate isn’t very tough, it is persistent as it is used during every day of the job and every time it is used it will be unique every time. Real estate is a business that combines math and property.

Math is used in real estate and it’s important when you need to determine the price of land. For example, let’s say an estate is being sold at 8.3 acres and $15,560 per acre, to determine the full sales price, you would take the total number of acres and multiply it by the price per acre: $15,560 x 8.3 = $129,148. Math in real estate can calculate the price of land or property. Being able to do this is important because the value of land or property highly depends on math and being able to determine that value is important.

Math used in real estate is helpful when you need to know the commission that will be paid. For example, a property sells for $225,000, and we need to find the 6% commission split. We can calculate a 6% commission split by multiplying the sales price by the commission rate in decimal form: $225,000 x .06 = $13,500. Math in real estate can calculate the commission that will be paid. Being able to use math in real estate is important because the commission depends on math to determine the commission.

Math is used in real estate and it helps you when you need to know the closing cost. For example, during negotiations, the seller agrees to pay 3% of the purchase price towards the buyer’s closing costs. I’m going to use the same sales price of $225,000 from the last example. To find the closing cost, take the sales price and multiply it by the percentage in decimal form: $225,000 x .03 = $6,750. Math in real estate can calculate the closing cost that will be paid. Being able to use math in real estate is important because the closing cost is what basically finalizes a sale and it all depends on math to determine it.

Math is important in real estate because it is needed when you need to determine the price of land, when you need to determine the amount of commission, and when you are determining the closing cost. Math is extremely important to real estate. Math is used by a lot of people. Math is needed and useful to people not just in real estate. Math has changed the world in so many ways that it is amazing. So many things that happen because of math aren’t acknowledged, like how just learning how to count changed everything so much. One thing I had no idea about was the Liber Abaci, and what Blaise Pascal and Pierre de Fermat did for a simple dice game. These two things did so much yet I didn’t know about them.

The invention of counting goes all the way back to nearly 35,000 years. The invention of counting is important to people in general. We count stuff every day and learn to count from a very young age because it is that useful and necessary to us. The main use of counting back in the day was for “keeping track of the moon and the seasons” as stated in “When mathematics changed the world by MAA”. Any abstract number hadn’t been created until 8000 B.C. when the Sumerians started putting to good use in keeping track of property and goods. As time went on so did their system in counting improve. Their society was developed around numbers. This was a good thing because it improved the Sumerian bank system.

The Liber Abaci was basically an extension of what the Sumerians accomplished. It was a book by Leonardo de Pisa, but he was better known as Fibonacci. It gave fame to the Hindu-Arabic number system. Now when I said it was basically an extension of what the Sumerians accomplished, I am referring to how its improved math in business. It taught the readers the concepts of calculating interest, conversion rates, and bookkeeping. The Liber Abaci has helped many business men and women to day although it was invented so long ago.

Blaise Pascal, mathematician, philosopher, and inventor. In my opinion he was the greatest one in his class. The well-known device or even app called the calculator is possibly the greatest most mind-blowing device ever created. This has helped me and many other people out so much. I think almost all people can agree that the calculator is the most useful math invention ever. Thanks to Blaise Pascal he has made tax paying a lot easier, which was the original intention of this machine.

Math is most important to the society because it helps banks, introduced an efficient number system in business, and created a machine that made math more efficient to everyday life. Math has proven how useful it is and has in almost all subjects. Math is very useful to our society. Some people can’t stand math and would rather live without it, it’s quite relatable. Although I would rather not ever use math again, it’s extremely important to our lives. It is important to our lives because we use it every day in almost every subject. I don’t we could live without math, its involved in almost everything. Can you imagine if math just magically went away, a world without math? Would it be good or bad?

One thing I’m sure about is that many teenagers my age would rather have an iPhone in their hand than a pencil in their hand and a math equation sheet in front of them. But without math we wouldn’t have phones, we wouldn’t have technology at all. We wouldn’t have modern technology because it requires complex math algorithms. We couldn’t create working technology without these complex math algorithms because they are what make any phone, television, computer, or laptop work. We wouldn’t have technology that gives us entertainment and valuable information.

The economy would be absolutely messed up without math. You couldn’t measure the value of goods or services. There would be no more trading, and people would end up with too much or too little of something. You would have no budget anymore, you wouldn’t know if you’ve ran out of money or not. Any job in economy would be disaster since there would be no more day to day transactions to fuel the market and economy. You couldn’t analyze market trends which are the main factors to any business. For an investor, it would ruin their life as there would be no GDP, no interests, and no shares to be bought or sold anymore. The economy would be ruined drastically and many jobs along with it.

Going to the store would be a disaster without knowing math.

Imagine trying save money but not knowing the prices, what would you do, just buy what ever you find? If you need to buy medicine, then you would need know how much medicine you are buying for a fair price of the quantity. You would also need to know how strong the medicine and how many to take at what time. If you needed groceries, then you would want to know how much product you’re buying. If you’re on a diet you would want to buy stuff that has less sugar and less fat in the product, but you wouldn’t know how much a proportionate serving is compared to the sugar and fat. All these examples show how useful math is everyday even when grocery shopping.

In conclusion, math in everyday life is important because you need it to use technology, have money, and simply go to the any store. Math is used and needed in much more subjects than these, but these seem the most important to our lives and math. Society wouldn’t be able to work without math. Math is valuable thing and we are lucky to have knowledge of it.