A natural logarithm is a specific logarithm with the base \(e\), where \(e\) is an irrational and transcendental number approximately equal to 2.718. The notation \(\ln x\) specifically refers to the logarithm of \(x\) to the base \(e\).
- Natural logarithms are extensively used in continuous growth and decay problems, as they seamlessly tie into the exponential functions and processes.
In practical terms, when you see \(\ln x\), you're inherently referring to its relationship with exponential functions, such as how it "undoes" exponential processes like calculating continuous growth rates.
In the exercise, the natural logarithm \(\ln\) plays a key role in ensuring the validity of the statement through the product rule, as it requires products to be broken down into sums - a critical aspect of solving exponential and logarithmic equations.