The formula to calculate the Nth Fibonacci number is:
\[ F_n = \frac{\phi^n - \psi^n}{\sqrt{5}} \]
Where:
Binet's formula is an explicit formula used to find the Nth term of the Fibonacci sequence without having to calculate all the preceding terms. It is derived from the closed-form solution of the Fibonacci sequence and involves the golden ratio, \(\phi\), and its conjugate, \(\psi\). This formula allows for the rapid calculation of large Fibonacci numbers.
Let's assume the following value:
Using the formula:
\[ F_{10} = \frac{1.61803398875^{10} - (-0.61803398875)^{10}}{\sqrt{5}} \approx 55 \]
The 10th Fibonacci number is approximately 55.