many people tell me about imaginary numbers, such as i and e, but I do not know what e means. Sombody pls answer.
"e" is NOT an "imaginary" number.... is the base for the natural logarithm (just as 10 is the base for the "normal" log)
It equals ≈ 2.71828..... (it is irrational so it has a non-repeating, non-terminating decimal part )
This number comes in very handy for many scientific and financial applications (such as growth/decay functions)
The concept of e comes from compound interest. Suppose a very generous bank offers you a 100% interest rate, which would give you twice as much as what you put in every year. If you compound the interest quarterly, you would recieve 25% of your current amount every three months, eventually gaining around (1.25)4≈2.44 times of what you invested.
So suppose that you compounded your money even further, recieving interest every day, hour or even second. Would you achieve infinte wealth? Sadly, no. e is defined as the limit of this growth, which is
limn→∞(1+1n)n=2.71828182846…
Despite its apparent disconnection from other areas of mathematics, e turns up quite a lot in calculus and complex numbers. For example, you may have heard of the famous equation eiπ=−1.
Some other facts about e: