In this video you are shown what a geometric progression is, the formulae used along with an example.
This is a typical example where you are given terms in a geometric progression and asked to find the first term, common ratio and the sum of a certain number of terms.
Questions involving consecutive terms can be easily worked out if you set up a ratio equation between the terms as the video shows.
In this example I show you how the geometric progression can be used in an investment style problem. These problems can be quite tricky but worth learning.
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