How do you write the expression for the nth term of the geometric sequence a_1=1000, r=1.005, n=60?

1 Answer
Apr 24, 2017

a_n=1000xx1.005^n and for n=60, a_60=1348.85

Explanation:

In a geometric sequence, where first term is a_1 and common ratio is r,

n^(th) term a_n is given by a_1xxr^(n-1)

Hence n^(th) term of a geometric sequence whose first term is a_1=1000 and common ratio is r=1.005 is

a_n=1000xx1.005^n

and a_60=1000xx1.005^60~=1000xx1.34885=1348.85,

where value of 1.005^60 has been approximated up to 5dp.