Exponential and logarithmic functions Essay Example | Topics and Well Written Essays - 500 words

Exponential and logarithmic functions - Essay Example Another application of the exponential function is the compound interest formula (Sobel & Lerner, 1995, p.349). The compounded interest formula is utilized a lot by banks to calculate the amount of money a person earns in a savings account as well as interest charged to customers on loans. Appendix A shows a graphical illustration utilizing the exponential function. The logarithmic function is a function which its base is fixed and the number that is manipulated is the power or argument. The logarithmic function happens to be the inverse function of the exponential function. Graphically this function is a reflection an exponential function. There are different categories of logs such as the normal, natural and the log10 application. In chemistry logarithmic functions are utilized to calculate different concentration such as ph. In computer science logarithmic functions are utilized for to represent quantities of information. Appendix B illustrates a graphical illustration utilizing a logarithmic