In a fund raising show, a group of philanthropists agreed that the first one to arrive would pay 25¢ to enter, and each later would pay twice as much as the preceding person. The total amount collected from all of them was \$262,143.75. How many of them paid?

How many terms from the progression 3, 5, 7, 9, ... must be taken in order that their sum will be 2600?

A.   80 C.   50
B.   60 D.   70


Derivation of Sum of Finite and Infinite Geometric Progression

Geometric Progression, GP
Geometric progression (also known as geometric sequence) is a sequence of numbers where the ratio of any two adjacent terms is constant. The constant ratio is called the common ratio, r of geometric progression. Each term therefore in geometric progression is found by multiplying the previous one by r.

Eaxamples of GP:

  • 3, 6, 12, 24, … is a geometric progression with r = 2
  • 10, -5, 2.5, -1.25, … is a geometric progression with r = -1/2


Derivation of Sum of Arithmetic Progression

Arithmetic Progression, AP

Arithmetic Progression (also called arithmetic sequence), is a sequence of numbers such that the difference between any two consecutive terms is constant. Each term therefore in an arithmetic progression will increase or decrease at a constant value called the common difference, d.

Examples of arithmetic progression are:

  • 2, 5, 8, 11,... common difference = 3
  • 23, 19, 15, 11,... common difference = -4
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