$e$ - Euler's constant
$e = \lim_{n\to\infty}(1 + \frac1n)^n \approx 2.71828$
I'm wondering how 2.71828 is obtained from that.
$e$ - Euler's constant
$e = \lim_{n\to\infty}(1 + \frac1n)^n \approx 2.71828$
I'm wondering how 2.71828 is obtained from that.
In this answer, it is shown that if we define $$ e=\lim_{n\to\infty}\left(1+\frac1n\right)^n\tag{1} $$ then $$ e^x=\sum_{k=0}^\infty\frac{x^k}{k!}\tag{2} $$ Summing the series in $(2)$ converges pretty quickly for $x=1$ to give $$ e=2.718281828459\dots\tag{3} $$ If you wish to show that the limit in $(1)$ exists, this answer shows that $$ \left(1+\frac1n\right)^n\tag{4} $$ is an increasing sequence and that $$ \left(1+\frac1n\right)^{n+1}\tag{5} $$ is a decreasing sequence. Thus, the limit of both lies between each.
The number $e$ has an infinite, non-terminating, non-repeating decimal expansion, $2.71828$ is $e$ truncated to $6$ significant figures. As you increase $n$,
$$\left(1 + \frac{1}{n}\right)^{n} \to e$$
This means that you can make the difference between $e$ and $\left(1 + \frac{1}{n}\right)^{n} $ as small as you'd like by increasing $n$.
Edit: First, try looking at the values of $f(x) = (1 + 1/x)^x$ for large x. You will see that as they get larger, they seem to level off at a value. That it is, as x approaches infinity, the limit approaches a certain value. You should notice that value to be around the number you mentioned. The larger you make $x$, the closer to $e$ you get, or numerically 2.71828...
Do you want a method for calculating the limit definition to see how it equals $e$? I guess you could do it like this:
$\lim_{x\rightarrow \infty}\left ( 1+\frac{1}{x} \right )^x=\lim_{x\rightarrow \infty}\ e^{\ln\left ( {\left ( 1+\frac{1}{x} \right )^x} \right )}$.
because e to the power of the natural log of some quantity is just that quantity, as $e^x$ and $\ln(x)$ are inverses.
Using the property that $\ln(a^{b}) = b\ln{a}$:
$\lim_{x\rightarrow \infty}\ e^{\ln\left ( {\left ( 1+\frac{1}{x} \right )^x} \right )} =\lim_{x\rightarrow \infty}\ e^{x\ln\left ( {\left ( 1+\frac{1}{x} \right )} \right )}$.
Notice that we can rewrite the above like this:
$\lim_{x\rightarrow \infty}\ e^{x\ln\left ( {\left ( 1+\frac{1}{x} \right )} \right )}$=$e^{\lim_{x\rightarrow \infty}\ x \ln (1 + \frac{1}{x})} $. We brought the limit into the exponent. The limit $\lim_{x\rightarrow \infty} x\ln(1 + \frac{1}{x})$ happens to equal one (see below for explanation), and therefore the exponent on the $e$ is one, and $e^1$ = $e$. Therefore, the limit is $e^1 = e$ Here's why the the limit in the exponent is 1:
The exponent on the e can be determined by $\lim_{x\rightarrow \infty} x\ln(1 + \frac{1}{x})$ , as shown above. To use calculate it, we may let $u = \frac{1}{x}$, and therefore, as $x\rightarrow \infty$, $u\rightarrow 0$. So, substituting $u = \frac{1}{x}$ in our limit and changing $x\rightarrow \infty$ to $u\rightarrow 0$:
$\lim_{x\rightarrow \infty} x\ln(1 + \frac{1}{x})=\lim_{u \rightarrow 0} \frac{1}{u}\ln(1 + u)$. The denominator and numerator go to $0$, so by L'Hopital's:
$\lim_{u \rightarrow 0} \frac{1}{u}\ln(1 + u)=\lim_{u \rightarrow 0} \frac{(\ln(1 + u))'}{u'}$=$\lim_{u \rightarrow 0} \frac{(1/(1 + u))}{1}$ = $1$.
So the whole limit is $e^1 = e$.