What are the formulas for the derivatives of e^x and ln(x)?How do the formulas change when the base of a logarithm is other than e?How can we use these formulas to determine the derivatives of more complex functions involving e^x and ln(x)?What role do the rules for expanding logarithmic functions play in making it easier to find derivatives of complex logarithmic functions?What is L’Hospitals Rule? What conditions must be met in order to make use of it? How do we useit to find a limit?What real-world applications can you find involving exponential and logarithmic functions? Explain how you would use derivatives to explore those applications.Please use examples from the homework to illustrate your answers.MATH 260 Week 5 LabInstructionsPlease click on the link below to open up the lab. It will be in the form of a MS Word document. Please complete all parts of the lab and note that there are places where you must show the work that you did to reach the answer to a problem.Online Note:There are several ways that you can do this action. If you have Word 2007 or newer version(s), you can use the equation editor located under the Insert tab. If you have a digital camera or a cell phone with a camera, you can take a picture of your handwritten work, upload it to your computer, and from there,submit it. You can scan your handwritten work into your computer and submit it. Finally, only if none of the other methods works for you, you can type directly from the keyboard using parentheses, carats, and other symbols to delineate the pieces of your answers.MATH 260 Week 5 DERIVATIVE OF LOGS/EXP 27.5/27.6Go to MyMathLab and complete the assignment located there. If you miss any questions, remember that you can rework questions as many times as you’d like. Thus, your goal should be 100% correct for this assignment. Remember to take advantage of the “Show Me An Example” and “Help Me Solve This” links inside of MyMathLab. These links are located immediately to the right of the homework questions.