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Business Mathematics by Chirag Trivedi, Kashyap Trivedi

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2

Indices and Logarithm

LEARNING OBJECTIVES

This chapter will enable you to learn the concepts and application of:

  • Indices
  • Logarighm
  • Inter-relationship between indices and logarithm
  • Application of indices and logarithm
INTRODUCTION

We know that when two or more quantities are multiplied together the result is called the continuous product. Each quantity is called factor of the product. But when a product consists of the same factor repeated several times, it is called a power of the factor.

For example

  1. In the product x × y × z, x, y, and z are called the factors of the product
  2. The product m × m × m × m = m4 is called the fourth power of m.
EXPONENT (INDEX) OF THE POWER

If the number is multiplied by itself n times where n being a positive ...

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