In real-world scenarios involving arithmetic sequences, we may need to use an initial term of a0a0 instead of a1a1. 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 PP be the student population and nn be the number of years after 2013. Using the explicit formula for a geometric sequence we get
Pn=284⋅1.04nPn=284⋅1.04n - We can find the number of years since 2013 by subtracting.
2020−2013=72020−2013=7
We are looking for the population after 7 years. We can substitute 7 for nn to estimate the population in 2020.
P7=284⋅1.047≈374P7=284⋅1.047≈374The 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