Euler’s Number $e$

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What is Euler’s Number?

Euler’s number (e2.71828e is approximately equal to 2.71828) was first discovered by Swiss mathematician in Jacob Bernoulli in1683 while studying compound interest. However, it is named after Leonhard Euler, who popularized the constant, discovered its connection to calculus, calculated its value to 23 decimal places, and used the letter 𝑒 for it in 1748. 

  • Discovery (1683): Jacob Bernoulli discovered the constant 𝑒 by investigating a question about compound interest, finding that the expression (1+1n)nopen paren 1 plus 1 over n end-fraction close paren to the n-th power approaches a specific limit as 𝑛 increases.
  • Definition & Naming (1748): Leonhard Euler defined 𝑒 as the base of the natural logarithm, showed it is an irrational number, and represented it as an infinite sum of inverse factorials (e=n=01n!e equals sum from n equals 0 to infinity of the fraction with numerator 1 and denominator n exclamation mark end-fraction).
  • Alternative Name: It is sometimes called Napier’s Constant in honor of John Napier, who invented logarithms, though Napier did not discover 𝑒 itself. 

Definitions

$e$ is often defined as the limit \[ e = \lim_{n \to \infty} \left(1 + \frac{1}{n}\right)^n \] as $n$ approaches infinity.

It can also be expressed as the infinite sum \[ e = \sum_{n=0}^{\infty} \frac{1}{n!} = \frac{1}{0!} + \frac{1}{1!} + \frac{1}{2!} + \frac{1}{3!} + \cdots \]

Euler’s Identiy

The number $e$ is linked to the constant $\pi$ through Euler’s formula:
https://en.wikipedia.org/wiki/Euler%27s_formula
\[ e^{i\theta} = \cos \theta + i \sin \theta \]
for any real number $\theta$.

A famous special case, known as Euler’s identity, occurs when $\theta = \pi$:
https://en.wikipedia.org/wiki/Euler%27s_identity
\[
e^{i\pi} + 1 = 0
\]

This elegant equation connects five fundamental mathematical constants: $e$, $i$, $\pi$, $1$, and $0$.

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