Solving Application Problems with Geometric Sequences

In real-world scenarios involving arithmetic sequences, we may need to use an initial term of a0 instead of a1. In these problems, we can alter the explicit formula slightly by using the following formula:

an=a0rn

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.

  1. Write a formula for the student population.
  2. Estimate the student population in 2020.

Solution

  1. 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 P be the student population and n be the number of years after 2013. Using the explicit formula for a geometric sequence we get

    Pn=2841.04n
  2. We can find the number of years since 2013 by subtracting.
    20202013=7

    We are looking for the population after 7 years. We can substitute 7 for n to estimate the population in 2020.

    P7=2841.047374

    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.

a. Write a formula for the number of hits.
b. Estimate the number of hits in 5 weeks.