Concept: Definition of \(e\)
The number \(e\) is defined as:
\[
e = \lim_{n \to \infty} \left(1 + \frac{1}{n}\right)^n
\]
Step 1: Recognize the standard limit
The given expression is a direct standard limit used to define \(e\).
Step 2: Intuition behind the limit
This expression arises in:
- Compound interest problems
- Continuous growth models
As \(n\) increases, the quantity:
\[
\left(1 + \frac{1}{n}\right)^n
\]
approaches a fixed number.
Step 3: Numerical idea
\[
n=1 \Rightarrow 2,\quad n=2 \Rightarrow 2.25,\quad n=10 \Rightarrow 2.593,\quad n \to \infty \Rightarrow 2.718...
\]
Step 4: Final value
\[
\lim_{n \to \infty} \left(1 + \frac{1}{n}\right)^n = e \approx 2.718
\]
Conclusion:
\[
\text{Limit value is } e
\]