Origin of the number 'e' and the mysterious properties of the Exponential Function
The number 'e' appears very commonly in a lot of natural processes. In fact, it is bested only by 𝜋 as far as its number of times of appearance is concerned. But it is indeed quite mysterious as to why nature has such a preference for a number that is neither a whole number but also irrational . So in this article we are going to find about the discovery about this mysterious number. Let's see how the number 'e' arises from calculating the interest of 1 unit of currency annually. Suppose we have 1 dollar and we get 100% interest annually. We deposit 1 dollar on the New Year's Day. Then at the end of one year, the total amount stands to be 2 dollars. This is because of the 1 dollar initially deposited plus the interest obtained. Pretty, simple. Now if we calculate the interest twice every year, then after six months, the interest calculated is 1 plus one-half of one i.e. 3/2(one-half because only half of the year has passed). After another six months the inter...