Difference between revisions of "Geometric progression"

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A '''geometric progression''' is a [[sequence]] of numbers that has a constant [[ratio]] of each term to its preceding term.  For example, this is a geometric progression:  2, 4, 8, 16, 32.
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In finance, [[compound interest]] is an example of a geometric progression. An example would be a bank account that earns an API (annual percentage interest) rate of 5% per year. Every year, the number of dollars in the account is multiplied by the factor 1.05. That is about the same as doubling every fifteen years.
 
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The sequence 2, 4, 8, 16, 32 is simply the "powers of two:" two, two squared, two cubed, two to the fourth power, and so on. This can be written using [[exponent]]s this way:
 
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::2<sup>1</sup>, 2<sup>2</sup>, 2<sup>3</sup>, 2<sup>4</sup>, 2<sup>5</sup>
 
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This is why geometric progressions are sometimes called [[exponential growth]].
 
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==Geometric series==
 
==Geometric series==
  

Revision as of 05:21, June 26, 2009

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Geometric series

Often, the sequence of partial sums of a geometric progression is of some interest (vide: we are starting with the exponent zero here.) This sequence would be:

and is called a Geometric Series.
How to calculate this? Now, if we look at the n-th element of this sequence, we see:

Obviously, the last step is allowed only if . So, the sequence of partial sums is (if ):

- and it will converge for to the limit .

See also