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These are exactly the patterns behind the financial models in SL 1.4, so the ideas here carry straight into compound interest and depreciation.
A geometric sequence has $u_1 = 2$ and $r = 3$. Find $u_6$, and find which term first exceeds 1000.
Solution
A geometric sequence has $u_1 = 2$ and $r = 3$. Find $S_6$.
Solution
A town of $50\,000$ people grows by 3% each year.
Solution