In real-world scenarios involving arithmetic sequences, we may need to use an initial term of instead of . In these problems, we can alter the explicit formula slightly by using the following formula:
Example 7: Solving Application Problems with Geometric Sequences
In 2013, the number of students in a small school is 284. It is estimated that the student population will increase by 4% each year.
- Write a formula for the student population.
- Estimate the student population in 2020.
Solution
- The situation can be modeled by a geometric sequence with an initial term of 284. The student population will be 104% of the prior year, so the common ratio is 1.04.
Let be the student population and be the number of years after 2013. Using the explicit formula for a geometric sequence we get
- We can find the number of years since 2013 by subtracting.
We are looking for the population after 7 years. We can substitute 7 for to estimate the population in 2020.
The student population will be about 374 in 2020.
Try It 7
A business starts a new website. Initially the number of hits is 293 due to the curiosity factor. The business estimates the number of hits will increase by 2.6% per week.
Candela Citations
- Precalculus. Authored by: OpenStax College. Provided by: OpenStax. Located at: http://cnx.org/contents/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1/Preface. License: CC BY: Attribution