All of you must have been to movie theaters to watch movies with your friends or family members. While booking your tickets, have you ever noticed the way the seating arrangements are normally made at the movie theater? The number of seats in the previous row will always be lesser than the next row by a specific number.
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Arithmetic sequences are used in various financial sectors and can prove to be rather useful when it comes to calculating your savings and personal financial increments. However, a geometric sequence also has its fair share of uses. It is used to calculate interest rates provided by different financial institutions and also to calculate the population growth of a country.
It is often seen that students get confused when it comes to deciding whether a given sequence is an arithmetic sequence or a geometric sequence. Although calculating an arithmetic sequence is pretty simple, the main challenge lies in calculating a geometric sequence.
References
- https://arxiv.org/pdf/1001.5055
- https://msp.org/pjm/1971/38-2/pjm-v38-n2-p05-s.pdf