What You Will Learn in This Lesson
By the end of this lesson, you should be able to:
- Apply the formula for all three cases:
, , - Choose the right formula form
- Identify
, , from real-world context - Verify by direct addition for small
Back to the Savings Problem
In Lesson 1 we opened with: $200/month for 24 months at
We asked: "How many calculations would you need?" — answer: 24.
Today we solve it. But first, let's make sure the formula is ready.
Both Forms of the Formula
: first form — numerator and denominator both positive : second form — both positive, avoids sign errors :
Worked Example: Series with
Direct check:
Worked Example: Series with
Direct check:
Worked Example: The Special Case
Attempt formula:
Correct:
Always check
Quick Check: Apply the Formula
Find the sum:
Identify
Work it out before the next slide.
Practice: Six Series — Identify and Compute
Identify
(10 terms)
Practice: Six Series — Check Your Answers
, , : , , : , , : , , : , , : , , :
A Three-Step Method for Real-World Series
- Draw a timeline — place each payment or event in order
- Write the first three terms algebraically — find
and - Count the terms — confirm
Why the First Term Is Not the Payment
$200/month for 24 months at
- Last deposit: earns 1 month →
- Next-to-last: earns 2 months →
- First deposit: earns 24 months →
First term:
Savings Plan: Timeline and Setup
$200/month for 24 months at
Savings Plan: Applying the Formula
Verify with
Formula:
Find the Error in This Solution
Student's work: $200/month for 24 months at
"
What is wrong? How large is the error?
Worked Example: The Bouncing Ball
Dropped from 10 m, each bounce
(Infinite sum would be
Practice: Ball and Savings Plan Problems
-
Ball dropped from 20 m, bouncing to
height each time. Total downward distance over 6 bounces? -
$300/month for 12 months at
monthly interest. Total after 12 months?
Draw a timeline for problem 2. Identify
Practice: Ball and Savings Plan Answers
Problem 1:
Problem 2:
Full Procedure: No Prompts This Time
A ball dropped from 20 m, bouncing to
- Write first three terms algebraically
- Identify
, , - Apply the correct formula form
- Verify with
What You Can Now Do: Closing Thoughts
Parameter identification is the skill; the formula is the tool.
- Draw a timeline first — it makes
, , visible - In savings annuities,
, not the bare payment - When
: infinite sum converges to
Click to begin the narrated lesson
Derive geometric series formula