How do you write the expression for the nth term of the geometric sequence a_1=1000, r=1.005, n=60a1=1000,r=1.005,n=60?

1 Answer
Apr 24, 2017

a_n=1000xx1.005^nan=1000×1.005n and for n=60n=60, a_60=1348.85a60=1348.85

Explanation:

In a geometric sequence, where first term is a_1a1 and common ratio is rr,

n^(th)nth term a_nan is given by a_1xxr^(n-1)a1×rn1

Hence n^(th)nth term of a geometric sequence whose first term is a_1=1000a1=1000 and common ratio is r=1.005r=1.005 is

a_n=1000xx1.005^nan=1000×1.005n

and a_60=1000xx1.005^60~=1000xx1.34885=1348.85a60=1000×1.005601000×1.34885=1348.85,

where value of 1.005^601.00560 has been approximated up to 5dp5dp.