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Today:
As usual, we're focused on the undoing property: if the question for us begins as "What is sine of 30 degrees?", the undoing question is "Whose sine is ?"
We should immediately observe that the original question has a unique solution, whereas the "undoing question" does not. Because sine is not one-to-one, we shouldn't be surprised. But this is an issue: how do we create a useful "inverse" of a non-invertible function?
For example, what are their derivatives? These we've carried out before, using the amazing rule for inverse functions -- do you remember it?
Let's try it with arctan...
which have formulas and
Solving for t in , we get
where n is the number of compoundings per year, and r is given as a decimal (e.g. 9% is represented by .09). This is the doubling time.
When compounding is continuous (i.e. ), this reduces to the very lovely rule
The answer, of course, is L'Hopital's Rule, which is useful in solving certain indeterminate limits:
Let's rewrite it a little: we want to show that