![]() At the end of the first year you will have a total of: \ With simple interest, the key assumption is that you withdraw the interest from the bank as soon as it is paid and deposit it into a separate bank account. You are paid $15\%$ interest on your deposit at the end of each year (per annum). We refer to $£A$ as the principal balance. For the following exercises, find the specified term for the geometric sequence, given the first term and common ratio. Simple and Compound Interest Simple Interest For the following exercises, write the first five terms of the geometric sequence, given any two terms. For example, \ so the sequence is neither arithmetic nor geometric. A series does not have to be the sum of all the terms in a sequence. The starting index is written underneath and the final index above, and the sequence to be summed is written on the right. We call the sum of the terms in a sequence a series. The Summation Operator, $\sum$, is used to denote the sum of a sequence. If the dots have nothing after them, the sequence is infinite. If the dots are followed by a final number, the sequence is finite. The common ratio is obtained by dividing the current. It is represented by the formula an a1 r (n-1), where a1 is the first term of the sequence, an is the nth term of the sequence, and r is the common ratio. Note: The 'three dots' notation stands in for missing terms. A geometric sequence is a sequence of numbers in which each term is obtained by multiplying the previous term by a fixed number. is a finite sequence whose end value is $19$.Īn infinite sequence is a sequence in which the terms go on forever, for example $2, 5, 8, \dotso$. For example, $1, 3, 5, 7, 9$ is a sequence of odd numbers.Ī finite sequence is a sequence which ends. ![]() Contents Toggle Main Menu 1 Sequences 2 The Summation Operator 3 Rules of the Summation Operator 3.1 Constant Rule 3.2 Constant Multiple Rule 3.3 The Sum of Sequences Rule 3.4 Worked Examples 4 Arithmetic sequence 4.1 Worked Examples 5 Geometric Sequence 6 A Special Case of the Geometric Progression 6.1 Worked Examples 7 Arithmetic or Geometric? 7.1 Arithmetic? 7.2 Geometric? 8 Simple and Compound Interest 8.1 Simple Interest 8.2 Compound Interest 8.3 Worked Examples 9 Video Examples 10 Test Yourself 11 External Resources SequencesĪ sequence is a list of numbers which are written in a particular order.
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