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CalculusHardContextual Applications of Differentiation

Contextual Applications of Differentiation · Hard problem

A population multiplies by a factor of 55 every year. If this growth were split into nn equal compounding steps per year, the implied simple annual rate would be n(51/n−1)n\left(5^{1/n}-1\right). As the number of compounding steps n→∞n\to\infty (continuous growth), what value does this implied rate approach?