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The number e was discovered through the study of compound interest in mathematics. It was first defined by the Swiss mathematician Leonhard Euler in the 18th century. Euler showed that as the number of compounding periods increases, the value of (1 + 1/n)^n approaches a limit, which is approximately 2.71828, known as Euler's number or e. This constant is fundamental in calculus and is used in various fields such as finance, physics, and engineering.

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