Tag Archives: Geometric Series

Geometric Series

Geometric Series

A $\textit{geometric series}$ is the sum of the terms of a geometric sequence.for example: $1, 2, 4, 8, \cdots , 2048$ is a finite geometric sequence. $1+2+4+8+ \cdots +2048$ is the corresponding finite geometric series. If we add the first $n$ terms of an infinite geometric sequence, we calculate a finite geometric series called the […]

Geometric Series for Time Payments

Geometric Series for Time Payments

Time payments are calculated based on Geometric Series for reducible compound interests. The geometric series formula is used for handling this situation. Worked on Examples of Geometric Series for Time Payments 1 John took out a loan of \($100 000\) on \(1\)st January \( 2001 \) for home loan. Interest is charged at \(12 \% […]