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A geometric series has first term $a$ and common ratio $r$ - Edexcel - A-Level Maths Pure - Question 10 - 2005 - Paper 2

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A geometric series has first term $a$ and common ratio $r$. Prove that the sum of the first $n$ terms of the series is \[ S_n = \frac{a(1 - r^n)}{1 - r} \] (4) Mr ... show full transcript

Worked Solution & Example Answer:A geometric series has first term $a$ and common ratio $r$ - Edexcel - A-Level Maths Pure - Question 10 - 2005 - Paper 2

Step 1

Prove that the sum of the first n terms of the series is $\frac{a(1 - r^n)}{1 - r}$

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Answer

To find the sum of the first n terms of a geometric series, we can denote the series as:

[ S_n = a + ar + ar^2 + ... + ar^{n-1} ]

Multiplying the series by the common ratio rr gives:

[ S_n r = ar + ar^2 + ar^3 + ... + ar^n ]

Subtracting these two equations, we get:

[ S_n (1 - r) = a - ar^n ]

Therefore, by rearranging, we find:

[ S_n = \frac{a(1 - r^n)}{1 - r} ]

This completes the proof.

Step 2

Find, to the nearest £100, Mr King’s salary in the year 2008.

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Answer

Mr King’s salary in 2005 is £35,000 and it increases by 4% each year. The salary for any year can be modeled by the formula:

[ S_n = 35000 \times (1.04)^{n-1} ]

For 2008, which is the 4th year, we find:

[ S_4 = 35000 \times (1.04)^3 \approx 35000 \times 1.124864 = 39440.24 ]

Rounding to the nearest £100, Mr King’s salary in 2008 is approximately £39,400.

Step 3

Find, to the nearest £1,000, the total amount of salary he will receive from 2005 until he retires at the end of 2024.

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Answer

The total salary from 2005 to 2024 spans 20 years. This can be calculated as:

[ S_{20} = 35000 \times \frac{1 - (1.04)^{20}}{1 - 1.04} ]

Calculating the expression:

[ S_{20} = 35000 \times \frac{1 - (1.04)^{20}}{-0.04} = 35000 \times \frac{1 - 2.208040279}{-0.04}
= 35000 \times \frac{-1.208040279}{-0.04} \approx 35000 \times 30.201 ]

The total salary is approximately £1,057,035, which rounds to approximately £1,000,000 when rounded to the nearest £1,000.

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