Statistical Data

General Forms of a Sequence

                           General Forms of a Sequence

 

 Define :A sequence is an ordered list of numbers.  The sum of the terms of a sequence is called a series.

•  Each number of a sequence is called a term (or element) of the sequence.
•  A finite sequence contains a finite number of terms (you can count them).  1, 4, 7, 10, 13
•  An infinite sequence contains an infinite number of terms (you cannot count them).  1, 4, 7, 10, 13,  . . .
•  The terms of a sequence are referred to in the subscripted form shown below,
where the natural number subscript refers to the location (position) of the term in the sequence.

(If you study computer programming languages such as C, C++, and Java,
 you will find that the first position in their arrays (sequences) start with a subscript of zero.)

•  The general form of a sequence is represented: 

• The domain of a sequence consists of the counting numbers 1, 2, 3, 4, ...
and the range consists of the terms of the sequence.

•  The terms in a sequence may, or may not, have a pattern, or a related formula.

 

 

Compound Interest Formula

                                         Compound Interest Formula

Define : interest calculated on both the principal and the accrued interest. For example
As an example, suppose an amount of 1500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. Then the balance after 6 years is found by using the formula above, with P = 1500, j = 0.043 (4.3%), m = 4, and t = 6.