Geometric Series Solutions
- A series is the sum of the terms in a sequence.
- A geometric series is the SUM of the terms in a finite geometric sequence.
- Remember, a finite sequence has a defined end value.
- where is the sum of the first n-terms.
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The sum of the first n-terms of a finite geometric series is: and |
In which: is the first term r is the common ratio |
- The sum of a geometric series can be represented using the uppercase sigma, ∑, in sigma notation.
- If the value of k equals a number other than one, the number of terms in the series is determined by .
Example 3
Leonhard decides to start saving for a used car. He saves $75 in the first month. In subsequent months, he increases the contribution by 5% every month. Calculate the total savings after 18 months.
After 18 months, Leonhard will have a total of $2,109.93 saved.
Example 4
Example 4
Determine the specified value.
Implement
Explain
- Determine , r, and n
- Substitute values into the geometric series formula
- Solve