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Statistics · Class 11 Commerce

Ch 9Geometric Progression — Class 11 Statistics, concept-first.

The Gujarat Board (GSHSEB) Std 11 Commerce Statistics syllabus builds on ordinary numbers arranged in a definite pattern, called a sequence. When the terms of a sequence follow a rule connecting each term to the next, the sequence is called a progression.

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Meaning of Sequences and Geometric Progression

The Gujarat Board (GSHSEB) Std 11 Commerce Statistics syllabus builds on ordinary numbers arranged in a definite pattern, called a sequence.

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General (nth) Term of a Geometric Progression

Let the first term of a GP be and the common ratio be . Then the terms are:

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Geometric Mean and Properties of a GP

Three numbers are in GP if they can be written as — writing them this way is often more convenient than because the middle term stays simply .

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Sum of n Terms of a Geometric Progression

Let denote the sum of the first terms of a GP with first term and common ratio :

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Sum to Infinity of a Geometric Progression

When a GP goes on forever () and the common ratio satisfies (i.e. ), the successive terms shrink toward zero and the running sum approaches a fixed, finite value called the sum to infinity, :

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Applications of GP in Business: Compound Interest and Annuities

Under compound interest, the amount at the end of each year is obtained by multiplying the previous year's amount by a fixed factor , where is the rate of interest per annum (as a decimal).

Exercises

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