Geometric interpretation of Leibniz formula for $\pi$

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We know $\pi=4(\frac{1}{1}-\frac{1}{3}+\frac{1}{5}-\frac{1}{7}....)$. I'm wondering, is there a geometric interpretation of this identity. Can we prove this identity by finding a different way to determine the area of the unit circle for example?

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Yes the derivation uses the quarter of a unit circle.

See Leibniz's Proof.