# EX 5G APPLICATIONS OF GEOMETRIC SEQUENCES. GEOMETRIC SEQUENCES Application type questions involves growth and decay of discrete variables. Eg: population.

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EX 5G APPLICATIONS OF GEOMETRIC SEQUENCES

GEOMETRIC SEQUENCES Application type questions involves growth and decay of discrete variables. Eg: population (increase/decrease) financial investments (increase/decrease) depreciation/appreciation interest earned

Geometric Growth 1. Geometric growth or increase is expressed as a percentage increase 2. Common ratio (r)= 1+% increase 3. r values are greater than 1, for example, an 8% increase gives r =1.08

Geometric Decay 1. Geometric decay or decrease is expressed as a percentage decrease. 2. Common ratio (r) = 1 - % decrease 3. r values are less than 1, for example, an 8% decrease gives r = 0.92

COMPOUND INTEREST