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ARITHMETIC SERIES. FORMULAE FOR THE NTH TERM AND SUM OF N TERMS GENERAL SERIES Series: the sum of a sequence of n terms Term: the position of a number in a sequence, e.g. the first term is the first number in the sequence Any general or nth term of a series is Tn where n stands for the number of the term and must be a positive integer. For t h e series 6 + 13 + 20 + … fi n d (a) T 1 (b) T 2 (c) T 3 (d ) T n Solu t ion (a) (b) (c) (d ) Th e fi rst t erm is 6, so wh en n = 1: T 1 = 6 Th e 2 n d t erm is 13 so T 2 = 13 Th e 3 rd t erm is 20 so T 3 = 20 Each t erm is 7 m ore t h an t h e p reviou s t erm . Th e 1 st t erm is 6 Th e 2n d t erm is 13 = 6 + 7 Th e 3 rd term is 20 = 6 + 7 + 7 = 6 + 2 ´7 SIGMA NOTATION Sigma notation: Greek letter standing for the partial sum hscintheholidays.com.au All Rights Reserved. Page 1 of 7 ARITHMETIC PROGRESSIONS (AP) Arithmetic sequence: a set of numbers that form a pattern where each successive term is a constant amount (positive or negative) more than the previous one Common difference: the constant amount in an arithmetic sequence that is added to each term to get the next term, d The first term is called a Terms of an arithmetic series Partial sum hscintheholidays.com.au All Rights Reserved. Page 2 of 7 GEOMETRIC SERIES. FORMULAE FOR THE NTH TERM AND SUM OF N TERMS GEOMETRIC PROGRESSIONS (GP) Geometric sequence: a set of numbers that form a pattern where each successive term is multiplied by a constant amount to get the next term Common ratio: the constant amount in a geometric sequence that is multiplied to each term to get the next term The first term is called a Terms of a geometric series GEOMETRIC SERIES WITH A RATIO BETWEEN -1 AND 1. THE LIMIT OF , AS , FOR , AND THE CONCEPT OF LIMITING SUM FOR A GEOMETRIC SERIES. Partial sum Limiting sum (sum to infinity In some geometric series, the sum becomes very large as n increases, e.g. 2, 4, 8, 16. These series have an infinite sum. In some geometric series, the sum doesn’t increase greatly after a few terms. These series have a limiting sum. hscintheholidays.com.au All Rights Reserved. Page 3 of 7 APPLICATIONS OF ARITHMETIC SERIES. APPLICATIONS OF GEOMETRIC SERIES: COMPOUND INTEREST , SIMPLIFIED HIRE PURCHASE AND REPAYMENT PROBLEMS. APPLICATIONS TO RECURRING DECIMALS. General applications hscintheholidays.com.au All Rights Reserved. Page 4 of 7 hscintheholidays.com.au All Rights Reserved. Page 5 of 7 Compound interest: interest is added to the balance of a bank account so that the interest and balance both earn interest Money that earns compound interest grows according to a GP Be sure that n & r correspond, e.g. if n is in months, then r must be per month Annuities: fixed sums of money invested every year that accumulate interest over a number of years Superannuation: a sum of money that is invested every year (or more frequently) as part of a salary to provide a large amount of money when a person retires from the paid workforce hscintheholidays.com.au All Rights Reserved. Page 6 of 7 Loan repayments hscintheholidays.com.au All Rights Reserved. Page 7 of 7