Logarithmic and exponential functions are fundamental mathematical concepts with wide

ranging applications. In my recent reading I delved into the world of these functions and gained
a deeper understanding of their significance.

Exponential functions, often expressed as f(x) = a^x, are characterized by rapid growth when
the base ‘a’ is greater than 1 and decay when ‘a’ falls between 0 and 1. They are essential in
modeling various phenomena, such as population growth, compound interest, and radioactive
decay. Exponential functions are a powerful tool for understanding how quantities change over
time, providing insights into processes where growth or decline occurs at a constant percentage
rate.

Logarithmic functions, denoted as f(x) = log_a(x), are the inverse of exponential functions. They
help us solve equations involving exponential expressions and have practical applications in
scenarios like calculating the time required for an investment to reach a specific value.
Common logarithms (base 10, log(x)) and natural logarithms (base ‘e’, ln(x)) are frequently
used in mathematics and science. Logarithms offer a unique way to view and manipulate
exponential growth and decay.

QUESTION:

1. What is the fundamental relationship between logarithmic and exponential functions?

2. How do exponential functions behave differently when the base ‘a’ is greater than 1
compared to when it’s between 0 and 1?

3. Can you provide an example of a real-world scenario where exponential functions play a
crucial role?

4. Explain the significance of common logarithms and natural logarithms, and highlight their
differences.

5. How can logarithmic functions be applied to solve equations that involve exponential
expressions?