I would like a proof as to why as the limit of $n$ approaches infinity, $(1+\frac{1}{n})^n$ means the same thing as the derivative of $e^x$ = $e^x$.
I have tried proving this by converting $(e^x)'$ into the limit definition of e, and vice versa but keep ending up at a dead end.
I am a Precal BC student, so I do not have much Calculus experience and would love an explanation that involves as little Calculus as possible.
By the way, here is the work that I have done so far:
$(e^x)'$ = $e^x$ $\Rightarrow$ derivative formula = $\lim_{h \to 0} \frac{f(x+h)- f(x)}{h}$ $\Rightarrow$ plug it in $\Rightarrow$ $\lim_{h \to 0} \frac{e^{(x+h)} - e^x}{h}$ = $e^x \Rightarrow \lim_{h \to 0} \frac{e^x(e^h - 1)}{h}$ = $e^x$ $\Rightarrow$ h = $\frac{1}{n}$ $\Rightarrow$ $n \to \infty$ $\Rightarrow$ $\lim_{n \to \infty}$ $\frac{e^x(e^{(1/n)} - 1)}{\frac{1}{n}}$ = $e^x$ $\Rightarrow$ $\lim_{n \to \infty} (e^{\frac{1}{n}} - 1)n = 1$
This is the part where I get stuck. I am not supposed to transfer the limit over to the other side so I don't know what to do. Please help and thanks in advance!