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Given a hyperbola written as an algebraic fraction,  
\[y=\frac{ax+b}{cx+d}\]
, we can find the equations of the asymptotes using long division and rearranging into the form  
\[(x-x_0)(y-y_0=K\]
. The asymptotes are then  
\[x=x_0, \; y=y_0\]
. If  
\[K \gt 0\]
  the hyperbola is in the 1st and 3rd quadrant and if  
\[K \lt 0\]
  the hyperbola is in the 2nd and 4th quadrant. Example:  
\[y=\frac{3x-2}{x+1}\]
.
Long division gives  
\[y=3- \frac{5}{x+1}\]
.
Subtract 3 to give  
\[y-3=- \frac{5}{x+1}\]
.
Multiply by  
\[(x+1)\]
  to give  
\[(x+1)(y-3)=-5\]
.
The asymptotes are  
\[x=-1, \; y=3\]
  and the hyperbola is in the 2nd and 4th quadrant.

hyperbola and asymptotes