John has taken out a loan for college. He started paying off the loan with a first payment of $100. Each month he pays, he wants to pay back 1.1 times as the amount he paid the month betore. Explain to Jo howto represent his first 20 payment n sigma notation.Then esplain how to tind the sum of his frst 20 pyments, using complete sentences. Esplain why this series is convergent or divergent

Respuesta :

Since each term of the series is 1.1 times the previous one, the series is geometric. The generic term of a geometric series is
  [tex]a_{n}=a_{0}\cdot r^{(n-1)}[/tex]

The sum in sigma notation simply adds these terms. The leading factor of 100 can be factored out.
[tex]sum=\displayform{100\cdot\sum\limits_{n=1}^{20}{1.1^{(n-1)}}}[/tex]

The sum can be found by adding the terms or by using the formula for the sum of a geometric series. In the latter case, we have
[tex]sum=100\cdot\dfrac{1.1^{20}-1}{1.1-1}\approx5727.50[/tex]

The series is divergent because the common ratio of terms is greater than 1. (Of course, any finite number of terms will have a finite sum.)