Precalculus Notes on Geometric Series HW: Pg 683 #33, 36, 37-45 odd, 58 Name: ________________________________________ 9/26/13 GOAL: Students will calculate the sum of both finite and infinite geometric series and apply theory to real world situations. I. Definition and Examples A. A geometric series is the sum of the terms of a geometric sequence. B. Example: The originator of a chain letter writes 5 letters instructing each recipient to write 5 similar letters to additional people. Then these people each send 5 similar letters to other people. Determine the number of people who receive letters if the chain continues unbroken for 12 steps. 1. Does this scenario represent a geometric sequence? Explain. 2. Find the total number of people who receive letters: Solution General Proof S n 5 5(5) 5(5) 5(5) ... 5(5) S n a1 a1 (r ) a1 (r ) 2 a1 (r )3 ... a1 (r ) n 1 5S n 5(5) 5(5) 2 5(5)3 ... 5(5)12 rS n a1 (r ) a1 (r ) 2 a1 (r )3 ... a1 (r ) n S n 5S n 5 0 0 0 ... 5(5)12 S n rS n a1 0 0 0 ... a1 (r ) n S n (1 5) 5(1 512 ) S n (1 r ) a1 (1 r n ) 2 Sn 3 11 5(1 512 ) 305,175, 780 1 5 Sn a1 (1 r n ) 1 r **n is the total number of terms you have II. Finding the sums of Finite Geometric Series a1 2 31 6 15 A. Find the indicated sum: 23 k S6 k 1 23 B. Find the indicated sum: 1 8 2 n5 n 6(1 315 ) 43046718 1 3 a1 8(0.5)5 0.25 S19 0.25(1 (0.5)19 ) 0.167 1 0.5 C. The winner of a contest will receive $1280 the first year with a 25% increase each year. What is the total amount of money they winner will receive after 9 years? r 1.25 a1 1280 1280(1 1.259 ) S9 33, 026.97 1 1.25 III. Finding the sums of Infinite Geometric Series A. If |r|<1, then the infinite geometric sequence 𝑎1 , 𝑎1 𝑟, 𝑎1 𝑟 2 , 𝑎1 𝑟 3 , … , 𝑎1 𝑟 𝑛−1 , … has the sum: S a1r n 1 n 1 a1 1 r B. Example: Find the sum of the following infinite geometric sequence: 4, 4(0.6), 4(0.6)2 , 4(0.6)3 , … ,4(0.6)𝑛−1 , … ** Since r = 0.6 which is between -1 and 1, we can use the formula to sum infinite geometric sequences. S 4(0.6) n 1 n 1 4 4 10 1 0.6 0.4 C. Example: For each, determine if the sum diverges or converges. Find the sum if it converges. 1. 1 3 9 27 ... 2. 1 Diverges because |r|>1 1 1 1 ... 3 9 27 Converges because |r|<1 1 n 1 3 3. 24 12 6 3 ... n 1 1 1 1 3 1 3 2 2 3 Converges because |r|<1 1 24 2 n 1 n 1 24 24 48 1 0.5 0.5 ADDITIONAL EXAMPLES - DAY 1 COMPOUND INTEREST A principal of $5000 is invested in an account that earns 6% interest find the value of the account after 18 years if the interest is compounded semiannually. Remember: r A P 1 n A = amount at the end of time P = principal r = annual interest rate n = # times/year compounded t = # years invested nt 0.06 a18 5000 1 2 In "geometric sequence talk" What is the common ratio? Is this a geometric sequence or series problem? Are we finding a sum? ( 2 18) $14, 491.39 DEPRECIATION A new car today will depreciate in value at an average rate of 22% per year. That means that it retains 78% of its value. Find the depreciated value of a $34,000 new car after 5 full years. a5 34000 0.78 (51) $12, 585.12 JOB OFFERS You accept a job offer that pays a salary of $36,000 for the first year. Suppose that for the next 29 years you are guaranteed a 2% raise each year. How much will you make as you begin your 30th year on the job? What would be your total compensation over the 30 year period? a30 (36, 000)(1.02)29 $63, 930.41 (36, 000)(1 1.0230 ) S30 $1, 460, 450.85 1 1.02