Approximating with e - Quant Trader Interview Question
Difficulty: Medium
Category: Mental Math & Estimation
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Topics: mental-math, estimation, e, approximation
Problem Description
Estimate the value of $1.02^{50}$ using the definition of $e$ . Remember that $e \approx 2.718$.
This question tests your ability to quickly approximate expressions using the properties of $e$ and your mental math skills. High-frequency traders often need to make such quick estimations.
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