e (mathematical constant)
The number e is a mathematical constant that is the base of the natural logarithm: the unique number whose natural logarithm is equal to one. It is approximately equal to 2.71828,[1] and is the limit of (1 + 1/n)^{n} as n approaches infinity, an expression that arises in the study of compound interest. It can also be calculated as the sum of the infinite series[2]
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mathematical constant e 

Properties 
Applications 
Defining e 
People 
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The constant can be characterized in many different ways. For example, it can be defined as the unique positive number a such that the graph of the function y = a^{x} has unit slope at x = 0.[3] The function f(x) = e^{x} is called the (natural) exponential function, and is the unique exponential function equal to its own derivative. The natural logarithm, or logarithm to base e, is the inverse function to the natural exponential function. The natural logarithm of a number k > 1 can be defined directly as the area under the curve y = 1/x between x = 1 and x = k, in which case e is the value of k for which this area equals one (see image). There are alternative characterizations.
e is sometimes called Euler's number after the Swiss mathematician Leonhard Euler (not to be confused with γ, the Euler–Mascheroni constant, sometimes called simply Euler's constant), or as Napier's constant. However, Euler's choice of the symbol e is said to have been retained in his honor.[4] The constant was discovered by the Swiss mathematician Jacob Bernoulli while studying compound interest.[5]
The number e is of eminent importance in mathematics,[6] alongside 0, 1, π, and i. All five of these numbers play important and recurring roles across mathematics, and are the five constants appearing in one formulation of Euler's identity. Like the constant π, e is irrational: it is not a ratio of integers. Also like π, e is transcendental: it is not a root of any nonzero polynomial with rational coefficients. The numerical value of e truncated to 50 decimal places is
History
The first references to the constant were published in 1618 in the table of an appendix of a work on logarithms by John Napier.[5] However, this did not contain the constant itself, but simply a list of logarithms calculated from the constant. It is assumed that the table was written by William Oughtred. The discovery of the constant itself is credited to Jacob Bernoulli in 1683,[7][8] who attempted to find the value of the following expression (which is in fact e):
The first known use of the constant, represented by the letter b, was in correspondence from Gottfried Leibniz to Christiaan Huygens in 1690 and 1691. Leonhard Euler introduced the letter e as the base for natural logarithms, writing in a letter to Christian Goldbach on 25 November 1731.[9][10] Euler started to use the letter e for the constant in 1727 or 1728, in an unpublished paper on explosive forces in cannons,[11] and the first appearance of e in a publication was in Euler's Mechanica (1736).[12] While in the subsequent years some researchers used the letter c, the letter e was more common and eventually became standard.
In mathematics, the standard is to typeset the constant as "e", in italics; the ISO 800002:2009 standard recommends typesetting constants in an upright style, but this has not been validated by scientific community.
Applications
Compound interest
Jacob Bernoulli discovered this constant in 1683 by studying a question about compound interest:[5]
An account starts with $1.00 and pays 100 percent interest per year. If the interest is credited once, at the end of the year, the value of the account at yearend will be $2.00. What happens if the interest is computed and credited more frequently during the year?
If the interest is credited twice in the year, the interest rate for each 6 months will be 50%, so the initial $1 is multiplied by 1.5 twice, yielding $1.00 × 1.5^{2} = $2.25 at the end of the year. Compounding quarterly yields $1.00 × 1.25^{4} = $2.4414…, and compounding monthly yields $1.00 × (1 + 1/12)^{12} = $2.613035… If there are n compounding intervals, the interest for each interval will be 100%/n and the value at the end of the year will be $1.00×(1 + 1/n)^{n}.
Bernoulli noticed that this sequence approaches a limit (the force of interest) with larger n and, thus, smaller compounding intervals. Compounding weekly (n = 52) yields $2.692597..., while compounding daily (n = 365) yields $2.714567..., just two cents more. The limit as n grows large is the number that came to be known as e; with continuous compounding, the account value will reach $2.7182818...
More generally, an account that starts at $1 and offers an annual interest rate of R will, after t years, yield e^{Rt} dollars with continuous compounding. (Here R is the decimal equivalent of the rate of interest expressed as a percentage, so for 5% interest, R = 5/100 = 0.05.)
Bernoulli trials
The number e itself also has applications to probability theory, where it arises in a way not obviously related to exponential growth. Suppose that a gambler plays a slot machine that pays out with a probability of one in n and plays it n times. Then, for large n (such as a million) the probability that the gambler will lose every bet is approximately 1/e. For n = 20 it is already approximately 1/2.79.
This is an example of a Bernoulli trial process. Each time the gambler plays the slots, there is a one in one million chance of winning. Playing one million times is modelled by the binomial distribution, which is closely related to the binomial theorem and Pascal's triangle. The probability of winning k times out of a million trials is:
In particular, the probability of winning zero times (k = 0) is
This is very close to the limit
Standard normal distribution
The normal distribution with zero mean and unit standard deviation is known as the standard normal distribution, given by the probability density function
The constraint of unit variance (and thus also unit standard deviation) results in the 1/2 in the exponent, and the constraint of unit total area under the curve ϕ(x) results in the factor .^{[proof]} This function is symmetric around x = 0, where it attains its maximum value , and has inflection points at x = ±1.
Derangements
Another application of e, also discovered in part by Jacob Bernoulli along with Pierre Raymond de Montmort, is in the problem of derangements, also known as the hat check problem:[13] n guests are invited to a party, and at the door, the guests all check their hats with the butler, who in turn places the hats into n boxes, each labelled with the name of one guest. But the butler has not asked the identities of the guests, and so he puts the hats into boxes selected at random. The problem of de Montmort is to find the probability that none of the hats gets put into the right box. The answer is:
As the number n of guests tends to infinity, p_{n} approaches 1/e. Furthermore, the number of ways the hats can be placed into the boxes so that none of the hats are in the right box is n!/e rounded to the nearest integer, for every positive n.[14]
Optimal planning problems
A stick of length L is broken into n equal parts. The value of n that maximizes the product of the lengths is then either[15]
 or
The stated result follows because the maximum value of occurs at (Steiner's problem, discussed below). The quantity is a measure of information gleaned from an event occurring with probability , so that essentially the same optimal division appears in optimal planning problems like the secretary problem.
Asymptotics
The number e occurs naturally in connection with many problems involving asymptotics. An example is Stirling's formula for the asymptotics of the factorial function, in which both the numbers e and π enter:
As a consequence,
In calculus
The principal motivation for introducing the number e, particularly in calculus, is to perform differential and integral calculus with exponential functions and logarithms.[16] A general exponential function y = a^{x} has a derivative, given by a limit:
The parenthesized limit on the right is independent of the variable x: it depends only on the base a. When the base is set to e, this limit is equal to 1, and so e is symbolically defined by the equation:
Consequently, the exponential function with base e is particularly suited to doing calculus. Choosing e, as opposed to some other number, as the base of the exponential function makes calculations involving the derivative much simpler.
Another motivation comes from considering the derivative of the basea logarithm,[17] i.e., of log_{a} x for x > 0:
where the substitution u = h/x was made. The alogarithm of e is 1, if a equals e. So symbolically,
The logarithm with this special base is called the natural logarithm and is denoted as ln; it behaves well under differentiation since there is no undetermined limit to carry through the calculations.
There are thus two ways in which to select such special numbers a. One way is to set the derivative of the exponential function a^{x} equal to a^{x}, and solve for a. The other way is to set the derivative of the base a logarithm to 1/x and solve for a. In each case, one arrives at a convenient choice of base for doing calculus. It turns out that these two solutions for a are actually the same, the number e.
Alternative characterizations
Other characterizations of e are also possible: one is as the limit of a sequence, another is as the sum of an infinite series, and still others rely on integral calculus. So far, the following two (equivalent) properties have been introduced:
 The number e is the unique positive real number such that .
 The number e is the unique positive real number such that .
The following four characterizations can be proven equivalent:
 The number e is the limit
Similarly:
 The number e is the sum of the infinite series
 The number e is the unique positive real number such that
 If f(t) is an exponential function, then the quantity is a constant, sometimes called the time constant (it is the reciprocal of the exponential growth constant or decay constant). The time constant is the time it takes for the exponential function to increase by a factor of e: .
Properties
Calculus
As in the motivation, the exponential function e^{x} is important in part because it is the unique nontrivial function (up to multiplication by a constant) which is its own derivative
and therefore its own antiderivative as well:
Inequalities
The number e is the unique real number such that
for all positive x.[18]
Also, we have the inequality
for all real x, with equality if and only if x = 0. Furthermore, e is the unique base of the exponential for which the inequality a^{x} ≥ x + 1 holds for all x.[19] This is a limiting case of Bernoulli's inequality.
Exponentiallike functions
Steiner's problem asks to find the global maximum for the function
This maximum occurs precisely at x = e. For proof, the inequality , from above, evaluated at and simplifying gives . So for all positive x.[20]
Similarly, x = 1/e is where the global minimum occurs for the function
defined for positive x. More generally, for the function
the global maximum for positive x occurs at x = 1/e for any n < 0; and the global minimum occurs at x = e^{−1/n} for any n > 0.
The infinite tetration
 or
converges if and only if e^{−e} ≤ x ≤ e^{1/e} (or approximately between 0.0660 and 1.4447), due to a theorem of Leonhard Euler.[21]
Number theory
The real number e is irrational. Euler proved this by showing that its simple continued fraction expansion is infinite.[22] (See also Fourier's proof that e is irrational.)
Furthermore, by the Lindemann–Weierstrass theorem, e is transcendental, meaning that it is not a solution of any nonconstant polynomial equation with rational coefficients. It was the first number to be proved transcendental without having been specifically constructed for this purpose (compare with Liouville number); the proof was given by Charles Hermite in 1873.
It is conjectured that e is normal, meaning that when e is expressed in any base the possible digits in that base are uniformly distributed (occur with equal probability in any sequence of given length).
Complex numbers
The exponential function e^{x} may be written as a Taylor series
Because this series is convergent for every complex value of x, it is commonly used to extend the definition of e^{x} to the complex numbers. This, with the Taylor series for sin and cos x, allows one to derive Euler's formula:
which holds for every complex x. The special case with x = π is Euler's identity:
from which it follows that, in the principal branch of the logarithm,
Furthermore, using the laws for exponentiation,
which is de Moivre's formula.
The expression
is sometimes referred to as cis(x).
The expressions of and in terms of the exponential function can be deduced:
Differential equations
The family of functions
where C is any real number, is the solution to the differential equation
Representations
The number e can be represented as a real number in a variety of ways: as an infinite series, an infinite product, a continued fraction, or a limit of a sequence. The chief among these representations, particularly in introductory calculus courses is the limit
given above, as well as the series
given by evaluating the above power series for e^{x} at x = 1.
Less common is the continued fraction
which written out looks like
This continued fraction for e converges three times as quickly:
Many other series, sequence, continued fraction, and infinite product representations of e have been developed.
Stochastic representations
In addition to exact analytical expressions for representation of e, there are stochastic techniques for estimating e. One such approach begins with an infinite sequence of independent random variables X_{1}, X_{2}..., drawn from the uniform distribution on [0, 1]. Let V be the least number n such that the sum of the first n observations exceeds 1:
Then the expected value of V is e: E(V) = e.[25][26]
Known digits
The number of known digits of e has increased substantially during the last decades. This is due both to the increased performance of computers and to algorithmic improvements.[27][28]
Date  Decimal digits  Computation performed by 

1690  1  Jacob Bernoulli[7] 
1714  13  Roger Cotes[29] 
1748  23  Leonhard Euler[30] 
1853  137  William Shanks[31] 
1871  205  William Shanks[32] 
1884  346  J. Marcus Boorman[33] 
1949  2,010  John von Neumann (on the ENIAC) 
1961  100,265  Daniel Shanks and John Wrench[34] 
1978  116,000  Steve Wozniak on the Apple II[35] 
Since around 2010, the proliferation of modern highspeed desktop computers has made it feasible for most amateurs to compute trillions of digits of e within acceptable amounts of time.[36]
In computer culture
During the emergence of internet culture, individuals and organizations sometimes paid homage to the number e.
In an early example, the computer scientist Donald Knuth let the version numbers of his program Metafont approach e. The versions are 2, 2.7, 2.71, 2.718, and so forth.[37]
In another instance, the IPO filing for Google in 2004, rather than a typical roundnumber amount of money, the company announced its intention to raise 2,718,281,828 USD, which is e billion dollars rounded to the nearest dollar. Google was also responsible for a billboard[38] that appeared in the heart of Silicon Valley, and later in Cambridge, Massachusetts; Seattle, Washington; and Austin, Texas. It read "{first 10digit prime found in consecutive digits of e}.com". Solving this problem and visiting the advertised (now defunct) web site led to an even more difficult problem to solve, which in turn led to Google Labs where the visitor was invited to submit a résumé.[39] The first 10digit prime in e is 7427466391, which starts at the 99th digit.[40]
Notes
 Oxford English Dictionary, 2nd ed.: natural logarithm
 Encyclopedic Dictionary of Mathematics 142.D
 Jerrold E. Marsden, Alan Weinstein (1985). Calculus. Springer. ISBN 9780387909745.
 Sondow, Jonathan. "e". Wolfram Mathworld. Wolfram Research. Retrieved 10 May 2011.
 O'Connor, J J; Robertson, E F. "The number e". MacTutor History of Mathematics.
 Howard Whitley Eves (1969). An Introduction to the History of Mathematics. Holt, Rinehart & Winston. ISBN 9780030295584.
 Jacob Bernoulli considered the problem of continuous compounding of interest, which led to a series expression for e. See: Jacob Bernoulli (1690) "Quæstiones nonnullæ de usuris, cum solutione problematis de sorte alearum, propositi in Ephem. Gall. A. 1685" (Some questions about interest, with a solution of a problem about games of chance, proposed in the Journal des Savants (Ephemerides Eruditorum Gallicanæ), in the year (anno) 1685.**), Acta eruditorum, pp. 219–23. On page 222, Bernoulli poses the question: "Alterius naturæ hoc Problema est: Quæritur, si creditor aliquis pecuniæ summam fænori exponat, ea lege, ut singulis momentis pars proportionalis usuræ annuæ sorti annumeretur; quantum ipsi finito anno debeatur?" (This is a problem of another kind: The question is, if some lender were to invest [a] sum of money [at] interest, let it accumulate, so that [at] every moment [it] were to receive [a] proportional part of [its] annual interest; how much would he be owed [at the] end of [the] year?) Bernoulli constructs a power series to calculate the answer, and then writes: " … quæ nostra serie [mathematical expression for a geometric series] &c. major est. … si a=b, debebitur plu quam 2½a & minus quam 3a." ( … which our series [a geometric series] is larger [than]. … if a=b, [the lender] will be owed more than 2½a and less than 3a.) If a=b, the geometric series reduces to the series for a × e, so 2.5 < e < 3. (** The reference is to a problem which Jacob Bernoulli posed and which appears in the Journal des Sçavans of 1685 at the bottom of page 314.)
 Carl Boyer; Uta Merzbach (1991). A History of Mathematics (2nd ed.). Wiley. p. 419.
 Lettre XV. Euler à Goldbach, dated November 25, 1731 in: P.H. Fuss, ed., Correspondance Mathématique et Physique de Quelques Célèbres Géomètres du XVIIIeme Siècle … (Mathematical and physical correspondence of some famous geometers of the 18th century), vol. 1, (St. Petersburg, Russia: 1843), pp. 56–60, see especially p. 58. From p. 58: " … ( e denotat hic numerum, cujus logarithmus hyperbolicus est = 1), … " ( … (e denotes that number whose hyperbolic [i.e., natural] logarithm is equal to 1) … )
 Remmert, Reinhold (1991). Theory of Complex Functions. SpringerVerlag. p. 136. ISBN 9780387971957
 Euler, Meditatio in experimenta explosione tormentorum nuper instituta.
 Leonhard Euler, Mechanica, sive Motus scientia analytice exposita (St. Petersburg (Petropoli), Russia: Academy of Sciences, 1736), vol. 1, Chapter 2, Corollary 11, paragraph 171, p. 68. From page 68: Erit enim seu ubi e denotat numerum, cuius logarithmus hyperbolicus est 1. (So it [i.e., c, the speed] will be or , where e denotes the number whose hyperbolic [i.e., natural] logarithm is 1.)
 Grinstead, C.M. and Snell, J.L.Introduction to probability theory (published online under the GFDL), p. 85.
 Knuth (1997) The Art of Computer Programming Volume I, AddisonWesley, p. 183 ISBN 0201038013.
 Steven Finch (2003). Mathematical constants. Cambridge University Press. p. 14.
 Kline, M. (1998) Calculus: An intuitive and physical approach, section 12.3 "The Derived Functions of Logarithmic Functions.", pp. 337 ff, Courier Dover Publications, 1998, ISBN 0486404536
 This is the approach taken by Kline (1998).
 Dorrie, Heinrich (1965). 100 Great Problems of Elementary Mathematics. Dover. pp. 44–48.
 A standard calculus exercise using the mean value theorem; see for example Apostol (1967) Calculus, §6.17.41.
 Dorrie, Heinrich (1965). 100 Great Problems of Elementary Mathematics. Dover. p. 359.
 Euler, L. "De serie Lambertina Plurimisque eius insignibus proprietatibus." Acta Acad. Scient. Petropol. 2, 29–51, 1783. Reprinted in Euler, L. Opera Omnia, Series Prima, Vol. 6: Commentationes Algebraicae. Leipzig, Germany: Teubner, pp. 350–369, 1921. (facsimile)
 Sandifer, Ed (Feb 2006). "How Euler Did It: Who proved e is Irrational?" (PDF). MAA Online. Archived from the original (PDF) on 20140223. Retrieved 20100618.
 Hofstadter, D.R., "Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought" Basic Books (1995) ISBN 0713991550
 (sequence A003417 in the OEIS)
 Russell, K.G. (1991) Estimating the Value of e by Simulation The American Statistician, Vol. 45, No. 1. (Feb., 1991), pp. 66–68.
 Dinov, ID (2007) Estimating e using SOCR simulation, SOCR Handson Activities (retrieved December 26, 2007).
 Sebah, P. and Gourdon, X.; The constant e and its computation
 Gourdon, X.; Reported large computations with PiFast
 Roger Cotes (1714) "Logometria," Philosophical Transactions of the Royal Society of London, 29 (338) : 5–45; see especially the bottom of page 10. From page 10: "Porro eadem ratio est inter 2,718281828459 &c et 1, … " (Furthermore, by the same means, the ratio is between 2.718281828459… and 1, … )
 Leonhard Euler, Introductio in Analysin Infinitorum (Lausanne, Switzerland: Marc Michel Bousquet & Co., 1748), volume 1, page 90.
 William Shanks, Contributions to Mathematics, ... (London, England: G. Bell, 1853), page 89.
 William Shanks (1871) "On the numerical values of e, log_{e} 2, log_{e} 3, log_{e} 5, and log_{e} 10, also on the numerical value of M the modulus of the common system of logarithms, all to 205 decimals," Proceedings of the Royal Society of London, 20 : 27–29.
 J. Marcus Boorman (October 1884) "Computation of the Naperian base," Mathematical Magazine, 1 (12) : 204–205.
 Daniel Shanks and John W Wrench (1962). "Calculation of Pi to 100,000 Decimals" (PDF). Mathematics of Computation. 16 (77): 76–99 (78). doi:10.2307/2003813. JSTOR 2003813.
We have computed e on a 7090 to 100,265D by the obvious program
 Wozniak, Steve (June 1981). "The Impossible Dream: Computing e to 116,000 Places with a Personal Computer". BYTE. p. 392. Retrieved 18 October 2013.
 Alexander Yee. "e".
 Knuth, Donald (19901003). "The Future of TeX and Metafont" (PDF). TeX Mag. 5 (1): 145. Retrieved 20170217.
 First 10digit prime found in consecutive digits of e}. Brain Tags. Retrieved on 20120224.

Shea, Andrea. 3916173 "Google Entices JobSearchers with Math Puzzle" Check
url=
value (help). NPR. Retrieved 20070609.  Kazmierczak, Marcus (20040729). "Google Billboard". mkaz.com. Retrieved 20070609.
Further reading
 Maor, Eli; e: The Story of a Number, ISBN 0691058547
 Commentary on Endnote 10 of the book Prime Obsession for another stochastic representation
 McCartin, Brian J. (2006). "e: The Master of All" (PDF). The Mathematical Intelligencer. 28 (2): 10–21. doi:10.1007/bf02987150.
External links
Wikimedia Commons has media related to E (mathematical constant). 
Wikiquote has quotations related to: E (mathematical constant) 
 The number e to 1 million places and 2 and 5 million places
 e Approximations – Wolfram MathWorld
 Earliest Uses of Symbols for Constants Jan. 13, 2008
 "The story of e", by Robin Wilson at Gresham College, 28 February 2007 (available for audio and video download)
 e Search Engine 2 billion searchable digits of e, π and √2