Problem
A fundraiser reports that the amount collected grows by the same factor each week. Week 1 collects $50, and each subsequent week collects 1.5 times the previous week. This is a typical setup for word problems on geometric sequence.
Determine: (1) an explicit formula for the weekly amount \(a_n\), (2) the Week 8 amount \(a_8\), and (3) the total collected over the first 8 weeks. Monetary values are rounded to the nearest cent at the end.
Step 1: Identify the geometric sequence parameters
The phrase “each week is 1.5 times the previous week” indicates a constant common ratio. A sequence \(\{a_n\}\) is geometric when \(\frac{a_{n+1}}{a_n}=r\) is constant.
- First term: \(a_1 = 50\)
- Common ratio: \(r = 1.5\)
Recognition rule
In word problems on geometric sequence, phrases like “multiplies by,” “grows by a factor of,” “increases by a constant percent,” or “each term is a constant multiple of the previous” indicate a geometric sequence. A constant percent increase \(p\%\) corresponds to \(r = 1 + \frac{p}{100}\).
Step 2: Write the explicit (n-th term) formula
For a geometric sequence with first term \(a_1\) and ratio \(r\), the n-th term is:
\[ a_n = a_1 \cdot r^{\,n-1}. \]
Substituting \(a_1=50\) and \(r=1.5\) gives:
\[ a_n = 50 \cdot (1.5)^{\,n-1}. \]
Step 3: Compute the Week 8 amount
Week 8 corresponds to \(n=8\):
\[ a_8 = 50 \cdot (1.5)^{7}. \]
Compute \((1.5)^7\) stepwise:
\[ (1.5)^2 = 2.25,\quad (1.5)^4 = (2.25)^2 = 5.0625,\quad (1.5)^7 = (1.5)^4 \cdot (1.5)^3 = 5.0625 \cdot 3.375 = 17.0859375. \]
Then:
\[ a_8 = 50 \cdot 17.0859375 = 854.296875 \approx 854.30. \]
Step 4: Total collected over the first 8 weeks
The total is the geometric series sum: \[ S_8 = a_1 + a_2 + \cdots + a_8. \] For \(r \ne 1\), the sum of the first \(n\) terms is: \[ S_n = a_1 \cdot \frac{r^n - 1}{r - 1}. \]
With \(a_1=50\), \(r=1.5\), and \(n=8\):
\[ S_8 = 50 \cdot \frac{(1.5)^8 - 1}{1.5 - 1}. \]
Since \((1.5)^8 = (1.5)^7 \cdot 1.5 = 17.0859375 \cdot 1.5 = 25.62890625\),
\[ S_8 = 50 \cdot \frac{25.62890625 - 1}{0.5} = 50 \cdot \frac{24.62890625}{0.5} = 50 \cdot 49.2578125 = 2462.890625 \approx 2462.89. \]
Summary of results
| Quantity | Exact expression | Approximate value |
|---|---|---|
| Explicit formula | \(a_n = 50 \cdot (1.5)^{n-1}\) | — |
| Week 8 amount | \(a_8 = 50 \cdot (1.5)^7\) | \(\approx 854.30\) |
| Total of Weeks 1–8 | \(S_8 = 50 \cdot \frac{(1.5)^8 - 1}{1.5 - 1}\) | \(\approx 2462.89\) |
Visualization
Final answers
- \(a_n = 50 \cdot (1.5)^{n-1}\)
- \(a_8 \approx 854.30\)
- \(S_8 \approx 2462.89\)