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what is the "real life" application of the funcion Lim (1+1/x)^x (limit approaches infinity)?

2007-06-26 08:14:34 · 1 answers · asked by MisSheik 3 in Science & Mathematics ➔ Mathematics

1 answers

continuous compounding of of interest, if in place of 1/x in your equation, you have i/x where i is the annual interest rate.

2007-06-26 08:20:51 · answer #1 · answered by John V 6 · 1⤊ 0⤋

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