Logarithmic and Exponential Functions
Senior 6 · Mathematics
Logarithmic and Exponential Functions
Lesson 1 of 4
25 min
Suppose a bank pays 100% interest a year on 1 Frw (an illustrative rate, far above any real one). Paid once at the end of the year, you have 2 Frw. Paid in two halves, each of 50%, you have Frw. Paid times, each at %, you have Frw. In S5 (Logarithmic and Exponential Equations) you used this compound-interest formula; now let grow:
| Payments per year, | 1 | 2 | 12 | 365 | 8760 (hourly) | 1 000 000 |
|---|---|---|---|---|---|---|
| 2 | 2.25 | 2.613 04 | 2.714 57 | 2.718 13 | 2.718 28 |
The amounts grow, but they do not grow without limit: they settle towards one number, about 2.718 28. That number is the base of the natural logarithm, and of the exponential function that describes every process growing at a rate proportional to its size.
Definition
The number : the limit
It is irrational. Putting , the same number is ; Lesson 2 uses this form (with allowed to be any small real number, positive or negative) to differentiate .
Definition
Natural logarithm: for , is the logarithm of to base :
Natural logarithmic function: , with domain and range . Note and ; for and for .
Example: , and . Some books start instead from "the function whose derivative is and which is 0 at "; Lesson 2 shows that this is the same function.
Important
Laws of natural logarithms. For , and any real :
Derivation of the first: by the laws of indices, so is the power of that gives , which is . In the same way gives the third law, and the second follows from the first two with . In particular .
Warning
Worked example 1: domains
Find the domain of (a) (b) (c) .
Solution The argument of must be strictly positive.
Because is increasing and for every , exceeds any number once is large enough, and falls below any number once is close enough to 0:
So the line (the -axis) is a vertical asymptote of ; there is no horizontal asymptote. Although , it grows more slowly than any positive power of . Lesson 2 proves the two standard limits
Worked example 2: limits
Find (a) (b) (c) .
Solution
Worked example 3: an equation and an inequality
Solve (a) (b) .
Solution
Tip
In every logarithm question, write the domain down before you start. The algebra often produces an extra "solution" (like above) that the domain throws out, and examiners award a mark for rejecting it with a reason.
Numberphile: e (Euler's Number). Watch for the compound-interest story in the first minutes, the same limit as the table at the top of this lesson, and for where else e turns up.
Practice
State the domain in every equation before solving it.
Sources and credits