Exponential and logarithmic functions
All of the functions we have considered so far have been algebraic functions. An algebraic function is a function involving only the operations of addition, subtraction, multiplication, division, powers, and extraction of roots of expressions of the form a·x n , where a and n are real constants. Any function that is not algebraic is called a transcendental function. In this chapter, we will consider two important classes of transcendental functions, the exponential and logarithmic functions, as well as some applications of each.
KeywordsInterest Rate Exponential Function Logarithmic Function Algebraic Function Transcendental Function
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