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. Simple and Compound Interest Simple Interest For example, \ so the sequence is neither arithmetic nor geometric. To see how we use partial sums to evaluate infinite. A partial sum of an infinite series is a finite sum of the form. Instead, the value of an infinite series is defined in terms of the limit of partial sums. series as the sum of the first n terms of the arithmetic sequence. We cannot add an infinite number of terms in the same way we can add a finite number of terms. A series does not have to be the sum of all the terms in a sequence. For an arithmetic sequence, the sum of the first n terms is S(n)(n/2)2a+(n-1)d where a is the first term and d is the common difference. sequences in general, and arithmetic and geometric sequences in particular. 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. Note: The 'three dots' notation stands in for missing terms. 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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