{"id":444,"date":"2019-07-15T22:45:06","date_gmt":"2019-07-15T22:45:06","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/waymakercollegealgebracorequisite\/chapter\/introduction-geometric-sequences\/"},"modified":"2019-08-01T23:51:22","modified_gmt":"2019-08-01T23:51:22","slug":"introduction-geometric-sequences","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/chapter\/introduction-geometric-sequences\/","title":{"raw":"Introduction to Geometric Sequences","rendered":"Introduction to Geometric Sequences"},"content":{"raw":"<h2>What you\u2019ll learn to do: Use formulas to make calculations for an geometric sequence or find a term in the sequence<\/h2>\r\nMany jobs offer an annual cost-of-living increase to keep salaries consistent with inflation. Suppose, for example, a recent college graduate finds a position as a sales manager earning an annual salary of $26,000. He is promised a 2% cost of living increase each year. His annual salary in any given year can be found by multiplying his salary from the previous year by 102%. His salary will be $26,520 after one year; $27,050.40 after two years; $27,591.41 after three years; and so on. When a salary increases by a constant rate each year, the salary grows by a constant factor. In this section we will review sequences that grow in this way.","rendered":"<h2>What you\u2019ll learn to do: Use formulas to make calculations for an geometric sequence or find a term in the sequence<\/h2>\n<p>Many jobs offer an annual cost-of-living increase to keep salaries consistent with inflation. Suppose, for example, a recent college graduate finds a position as a sales manager earning an annual salary of $26,000. He is promised a 2% cost of living increase each year. His annual salary in any given year can be found by multiplying his salary from the previous year by 102%. His salary will be $26,520 after one year; $27,050.40 after two years; $27,591.41 after three years; and so on. When a salary increases by a constant rate each year, the salary grows by a constant factor. In this section we will review sequences that grow in this way.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-444\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Revision and Adaptation. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>College Algebra. <strong>Authored by<\/strong>: Abramson, Jay et al.. <strong>Provided by<\/strong>: OpenStax. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/cnx.org\/contents\/9b08c294-057f-4201-9f48-5d6ad992740d@5.2\">http:\/\/cnx.org\/contents\/9b08c294-057f-4201-9f48-5d6ad992740d@5.2<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em>. <strong>License Terms<\/strong>: Download for free at http:\/\/cnx.org\/contents\/9b08c294-057f-4201-9f48-5d6ad992740d@5.2<\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Specific attribution<\/div><ul class=\"citation-list\"><li>Precalculus. <strong>Authored by<\/strong>: OpenStax College. <strong>Provided by<\/strong>: OpenStax. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface\">http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":17533,"menu_order":13,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc-attribution\",\"description\":\"Precalculus\",\"author\":\"OpenStax College\",\"organization\":\"OpenStax\",\"url\":\"http:\/\/cnx.org\/contents\/fd53eae1-fa23-47c7-bb1b-972349835c3c@5.175:1\/Preface\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Revision and Adaptation\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"College Algebra\",\"author\":\"Abramson, Jay et al.\",\"organization\":\"OpenStax\",\"url\":\"http:\/\/cnx.org\/contents\/9b08c294-057f-4201-9f48-5d6ad992740d@5.2\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"Download for free at http:\/\/cnx.org\/contents\/9b08c294-057f-4201-9f48-5d6ad992740d@5.2\"}]","CANDELA_OUTCOMES_GUID":"54f0971c-edf0-47bc-851a-bfff22badc54","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-444","chapter","type-chapter","status-publish","hentry"],"part":431,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapters\/444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/wp\/v2\/users\/17533"}],"version-history":[{"count":2,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapters\/444\/revisions"}],"predecessor-version":[{"id":852,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapters\/444\/revisions\/852"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/parts\/431"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapters\/444\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/wp\/v2\/media?parent=444"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/pressbooks\/v2\/chapter-type?post=444"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/wp\/v2\/contributor?post=444"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ntcc-collegealgebracorequisite\/wp-json\/wp\/v2\/license?post=444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}