I thought to myself… “That looks familiar...”
It is also very similar to the formula for calculating the compound interest rate. Just swap the minus with a plus and the function tends to e: after all, compounding interest rates was how the constant got known in the first place.
It is also very similar to the formula for calculating the compound interest rate.
Just swap the minus with a plus and the function tends to e: after all, compounding interest rates was how the constant got known in the first place.