To compute a constant of calculus(A treatise on multiple ways)
𝑒 is for economics
The first task of the
21st Weekly Challenge
was a very old one:
to find (what would eventually become known as) Euler’s number.
The story starts back in 1683 with Jacob Bernoulli, and his investigation of the mathematics of
loan sharking. For example, suppose you offered a one-year loan of $1000 at 100% interest,
payable annually. Obviously, at the end of the year the markclient has to pay
you back the $1000, plus ($1000 × 100%) in interest...so you now have $2000. What can I say?
It’s a sweet racket!



