Formally, ln(a) is defined as the the area under the graph of 1/x from 1 to a, that is,
This defines a logarithm because it satisfies the fundamental property of a logarithm:
The number e is then defined as the base of this logarithm.
The functions ln(x) and ex have a number of useful properties. For example, the derivative of ex is ex again (while the derivative of ax in general is ln(a).ax) and the number e itself is the limit (for n going to infinity) of (1 + 1/n)n.