Exponential And Logarithmic Functions Vocabulary

1. What is Compound Interest?

Interest that decreases over time as the total amount increases.

A simple interest calculation method.

Interest that is calculated on the principal amount only.

Type of interest calculation in which interest is put back into an account and then the interest also earns interest

Compound interest involves earning interest on both the initial principal and the interest accumulated over previous periods, leading to exponential growth.

Explanation

Compound interest involves earning interest on both the initial principal and the interest accumulated over previous periods, leading to exponential growth.

2. What is the irrational number equivalent to 2.71828... often used in formulas involving exponential growth and/or decay?

3.14

Irrational number equivalent to 2.71828... Often used in formulas involving exponential growth and/or decay

√2

π

Euler's number 'e' is commonly used in mathematical equations related to exponential growth and decay. It is approximately equal to 2.71828...

Explanation

Euler's number 'e' is commonly used in mathematical equations related to exponential growth and decay. It is approximately equal to 2.71828...

3. What is the common logarithm?

Denoted y = log x with an assumed base of 5.

Denoted y = ln x with an assumed base of e.

Denoted y = log x with an assumed base of 10

Denoted y = log x with an assumed base of 2.

The common logarithm is typically denoted by 'log' with an assumed base of 10. It is distinct from the natural logarithm denoted by 'ln' with an assumed base of e. Logarithms with bases of 2 or 5 are not commonly referred to as 'common logarithms'.

Explanation

The common logarithm is typically denoted by 'log' with an assumed base of 10. It is distinct from the natural logarithm denoted by 'ln' with an assumed base of e. Logarithms with bases of 2 or 5 are not commonly referred to as 'common logarithms'.

4. What is the natural logarithm?

Denoted y = log x with an assumed base of 2.

Denoted y = log x with an assumed base of 10.

Denoted y = ln x with an assumed base of 2.

Denoted y = ln x with an assumed base of e

The natural logarithm, denoted as ln x, is based on the irrational number e and not base 10 or base 2.

Explanation

The natural logarithm, denoted as ln x, is based on the irrational number e and not base 10 or base 2.

5. What is the Product Rule for Logarithms?

Loga (MN) = loga (M / N)

Loga (MN) = loga (M * N)

Loga (MN) = loga M + loga N

Loga (MN) = loga (M) - loga (N)

The Product Rule for Logarithms states that the logarithm of the product of two numbers is equal to the sum of the logarithms of the individual numbers.

Explanation

The Product Rule for Logarithms states that the logarithm of the product of two numbers is equal to the sum of the logarithms of the individual numbers.

6. What is the Quotient Rule for Logarithms?

Log(a/b) = log(a + log(b)

Log(a/b) = log(a) / log(b)

Log(a/b) = log(a) * log(b)

The Quotient Rule for Logarithms states that the logarithm of a quotient is equal to the difference of the logarithms of the individual terms.

Explanation

The Quotient Rule for Logarithms states that the logarithm of a quotient is equal to the difference of the logarithms of the individual terms.

7. What is the Power Rule for Logarithms?

Loga (M + N) = loga M + loga N

Loga (M^N) = loga (M * N)

Loga (M * N) = loga M * loga N

Loga Mn = n loga M

The Power Rule for Logarithms states that the logarithm of a power of a number is equal to the power times the logarithm of the number.

Explanation

The Power Rule for Logarithms states that the logarithm of a power of a number is equal to the power times the logarithm of the number.

8. What is the change of base formula?

The change of base formula is used to determine the slope of a line.

The change of base formula is used to simplify radicals.

The change of base formula is used to solve differential equations.

The correct answer explains the purpose and application of the change of base formula, which is to convert logarithms from one base to another. The incorrect answers provide misleading information about unrelated concepts.

Explanation

The correct answer explains the purpose and application of the change of base formula, which is to convert logarithms from one base to another. The incorrect answers provide misleading information about unrelated concepts.