Find the limit of \( \left(1 + \frac{1}{n}\right)^n \) as \(n \to \infty\).
Show Hint
A very important limit in calculus is:
\[
\lim_{n\to\infty}\left(1+\frac{1}{n}\right)^n = e
\]
This limit is used in compound interest, exponential growth, and many areas of mathematics.
Concept:
The limit
\[
\lim_{n \to \infty}\left(1+\frac{1}{n}\right)^n
\]
is a well-known fundamental limit in calculus. It defines the mathematical constant \(e\), which is the base of natural logarithms.
\[
e \approx 2.71828
\]
Thus,
\[
\lim_{n \to \infty}\left(1+\frac{1}{n}\right)^n = e
\]
Step 1: Identify the standard limit form.
The expression given in the question exactly matches the standard definition of \(e\):
\[
e = \lim_{n \to \infty}\left(1+\frac{1}{n}\right)^n
\]
Step 2: Apply the known result.
Since the expression is the same as the definition of \(e\),
\[
\lim_{n \to \infty}\left(1+\frac{1}{n}\right)^n = e
\]
Step 3: State the final result.
\[
\therefore \text{The value of the limit is } e.
\]