ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a variable.
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a number.
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an equation.
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nothing to worry about.
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Detailed explanation-1: -In statistics, the symbol e is a mathematical constant approximately equal to 2.71828183.
Detailed explanation-2: -E is a series of numbers that begin with 2.71828. Just like pi, it is non-terminating, which means it goes on and on. It is also an irrational number, which means it can’t be expressed as a fraction. You can use it to calculate the decay or growth of a particular factor over time, such as compound interest.
Detailed explanation-3: -The exponential constant is an important mathematical constant and is given the symbol e. Its value is approximately 2.718. It has been found that this value occurs so frequently when mathematics is used to model physical and economic phenomena that it is convenient to write simply e.
Detailed explanation-4: -Also, e-symbol in Maths which holds the value e= 2.718281828….This symbol is known as e-constant or Euler’s constant. The table provided below has a list of all the common symbols in Maths with meaning and examples.