Why is e used in exponential growth functions?
Now I'm aware that is its own derivative, which makes it convenient to use in calculus. However, I have a question about this function:
Intuitively, an exponential growth function could be written as , where a is the initial amount, k is the growth rate and t is the time.
However, it can also be rewritten as , same thing, but with Euler's number added to it.
In what way are these both the same? They yield the same answer. Why not 2, or 4, or 10? I know that one would need to change the growth constant if using one of those bases, the one I called k, but how come one doesn't need to change it when it's in base e?