One number raised to the power of another is called a base. In the
expression 3^4 the base is 3. The most common base is 10 – we count
and measure things in multiples of 10 because we have 10 fingers on
which to count. There is however, one base which stands above all
others in physical and mathematical significance. This is the
base

where

is
irrational and the decimal expnasion of

continuous
forever with no pattern, although well known methods exist for
calculating

to
however many decimal places are desired.

arises
naturally in maths, when the rate of change of something is
proportioal to the quantity present.
Suppose the rate of change of a population

If the rate of change of

is
proportional to

we
can write

This
is a differential equation and can be integrated to give

where

is
the initial population and

is
the number given above. . In particular if

the
rate of change of the population is equal to the population and the
population will grow by a face of

in
unit time period. Whatever the value of

as
long as

the
growth of

is
exponential meaning

increases
by a constant factor in each time period (and if

the value of

decreases
by a constant factor in each time period).
Logarithms with base e obey the same log rules as all other logs,
but the number e is special enough for any log with base e to have a
special name. They are called natural logs – or logarithme naturel
from French and ln for short - so that

The number e appears in every branch of maths, from number theory,
complex numbers, trigonometry, differential equationsm,,, and is one
of the most important constants in maths, alongside the number

in
significance.
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