First of all, I'm sorry to ask too simple math question.
But I have little backgroud knowledge of mathmatics so it took so long time to me.
In my lecture note it says $\frac{1}{1+x} -1 \approx -x$.
How this is possible? Is it a kind of taylor approximation? Or it uses the fact $\log(1+x) \approx x$?
Thanks for your help.
