CAIE P1 2017 November — Question 3

Exam BoardCAIE
ModuleP1 (Pure Mathematics 1)
Year2017
SessionNovember
TopicArithmetic Sequences and Series

3
  1. Each year, the value of a certain rare stamp increases by \(5 \%\) of its value at the beginning of the year. A collector bought the stamp for \(
    ) 10000\( at the beginning of 2005. Find its value at the beginning of 2015 correct to the nearest \)\\( 100\).
  2. The sum of the first \(n\) terms of an arithmetic progression is \(\frac { 1 } { 2 } n ( 3 n + 7 )\). Find the 1 st term and the common difference of the progression.