mjordan
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Homework Statement
y and x are both close to 1.
ln(y) - ln(x) \approx (y-x)(lnx)'
Can someone explain me why this is true?
By the way, (lnx)' is the derivative of lnx, which is just 1/x
The Attempt at a Solution
I guess this is something to do with the taylor series of ln(x). I tried to expand ln(y) and ln(x) by taylor series, but I did not get anything from there.
((y-1)-\frac{(y-1)^{2}}{2}+\frac{(y-1)^{3}}{3}...)-((x-1)-\frac{(x-1)^{2}}{2}+\frac{(x-1)^{3}}{3}...)
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