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Aprende Exponentiation | Basic Syntax and Operations
R Introduction: Part I

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Exponentiation

Exponentiation is another fundamental mathematical operation, which is readily available in R's base functionality.

In the context of finance, this operation plays a critical role in the computation of compound interest, which is pivotal for understanding the growth of loans or investments over time.

To exponentiate a number a to the power of n in R, the syntax is a^n. Interestingly, if you're familiar with Python, you might recognize the ** operator, which can also be used in R (a**n).

Let's consider an example related to probability and combinatorics: finding the number of possible outcomes when throwing three dice:

In this case, we calculate it as 6 (the number of outcomes for one die) raised to the power of 3 (the number of dice). Here is the code for this example:

# Number of possible outcomes
6^3
12
# Number of possible outcomes 6^3
copy

As you can see, this results in 6^3, which equals 216 possible outcomes.

Tarea

Swipe to start coding

Let's say you invested $1,000 at an annual interest rate of 13%. To calculate the total amount of money you would accumulate over a period of 4 years with compound interest, you would perform the following calculation:

Compute the product of 1000 and 1.13 raised to the power of 4.

Solución

# Calculate possible revenue
1000 * 1.13^4

¿Todo estuvo claro?

¿Cómo podemos mejorarlo?

¡Gracias por tus comentarios!

Sección 1. Capítulo 6
# Calculate possible revenue
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