Examine the exponential effects of e in the form of geometric progression.
The number e, also known as Euler's number, is a mathematical constant that converges to approximately 2.71828. Like Pi, it is an irrational and transcendental number. e is the base rate of growth shared by all continuous compounding processes.
- e is expressed as ( 1 + ( 1/n ) )n as n approaches infinity.
- Euler's number is named after Swiss mathematician, Leonhard Euler.
- e is used in the study of compound interest in finance and economics.
- The e number has been calculated up to one trillion digits.