I have heard that it is because without it

would not have a solution. Supposedly, later on it was discovered when ln(ab) was examined that is was a logarithmic function.

e needs no introduction. It is more common in math than π is.

e^x is the only function that when differentiated or integrated we get back e^x which can be demonstrated amazingly by diff/int the above series. It is the heart of exponential generating functions.

Here is the way Dr Ken colorfully describes it:

Dr Ken wrote:

]]>Why is e so important? Well, in a sense, e is important simply because

it has all those nice properties you've been studying. Whenever you take

the derivative of e^x (that's e to the x), you get e^x back again. It's the

only function on Earth that will do that (except things like 5 e^x and

variants like that). That's pretty cool stuff.When I learned calculus, here's the order we defined things in: first, we

had the definite integral (from 1 to x) of 1/u du. We knew that had to be

some function of x, so we defined a new function Ln (x). It was defined as

the area under the curve 1/u. So the derivative of Ln(x) is automatically

1/x, but as of yet we hadn't looked at what this function Ln _looked_ like.So then we used this definition of ours to figure out a few things about Ln:

we looked at Ln(ab), which was defined as the integral from 1 to ab of 1/u

du, and we decided that Ln(ab) was Ln(a) + Ln(b). "Aha!" we said. "It's

starting to look like a logarithmic function!" So then we verified that it

really was a logarithmic function, and we figured out what the base of the

logarithm was. To do this, we looked at when the function Ln(x) gave us 1.

"Whoa," we said, "that's no number I've ever seen before." Of course, we

really had seen it before, in folk tales and legends and when our big

sisters brought home their calculus homework, but this was the first time

we'd really seen it in a math class.So we took that mysterious number and gave it a name, just in case we'd

run into it later. As it turns out, we sure did. We ran into it in the

population growth problems, in the statistics problems, in the sequences

and series problems, and pretty much all over the place. So we were glad

we gave it a name (incidentally, the "e" comes from Euler, who gave it

its name).Then we thought, "hey, let's turn it around. Instead of looking at the

logarithm with the base e, let's look at the exponential function to the

base e." We found that the derivative of e^x was e^x all over again.

We learned that e^x was equal to 1 + x + x^2/2! + x^3/3! + x^4/4! + ....

and we begged for mercy.Or something like that. Then we learned that e^(i*Pi) + 1 = 0. This was

most impressive to us, since here was one equation that linked the five most

important numbers in mathematics: e, i, Pi, 1, and 0. It also had the three

fundamental operations: adding, multiplying, and raising to a power. And

it had the most fundamental concept in all of mathematics, that of

equality. And it had nothing else. No extra seven floating around, no

"plus c" or anything like that. I recommend that you write it down on a

piece of paper for yourself, without all the extra junk I have to use when I

type it out on the computer, the parentheses and the caret and everything.So that's pretty neat. What was your question again? Oh yeah. Personally,

I'd put e right on par with Pi, although some people wouldn't think so.

Certainly more people have heard of Pi; there is mention of it in the Old

Testament of the Bible, and e didn't come about until long after that

(logarithms were invented in the 16th and 17th centuries, and it probably

took a little while until people noticed that e was a nice base).Incidentally, Logs were developed by John Napier, who lived from 1550 to

1617, and published his stuff about Logs in about 1594. He coined the word

Logarithm, which means "number of the ratio", as in the common ratio of a

geometric sequence. It's kind of a shame that he gave such a simple idea

such a scary name.Anyway, e and Pi are both numbers that will pop out of your problems when

you least expect it, and I'd say that they do it with about the same

frequency. Of course, you won't get e popping out until calculus, since you

don't define it until then (trying to define it before calculus would be

kind of hairy. I can see it now: the teacher would say "e is a nice number

to raise to powers and to use as a base for logarithms." "Why?" "Well, I

can't tell you. Wait until calculus." They say that too much already.).As far as there being other nice numbers that come up all the time, e and Pi

are certainly the two biggies. There's another number, called the golden

ratio, which is (1+Sqrt{5})/2. It doesn't look all that nice at first

glance, but it has some nice properties too, and the Greeks liked it a lot.

But it doesn't come up nearly as much as e or Pi, so I guess it's not on par

with the giants. I guess e and Pi are kind of the Burger King and McDonald's

of the math world, and the golden ratio is like a Hardee's or something.

As with how we got to it, I think it has something to do with Bernoulli and finance, but I cannot remember the story.

]]>"I just can`t get my head round `e` or logarithms with it. I understand the examples with 2 or 10, but why bother with a difficult and obscure number like e? How did they arrive at it? Could it be explained another way?"

How would you answer this (as simply as possible)?

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