Edexcel C2 2005 June — Question 9

Exam BoardEdexcel
ModuleC2 (Core Mathematics 2)
Year2005
SessionJune
TopicGeometric Sequences and Series

9. (a) A geometric series has first term \(a\) and common ratio \(r\). Prove that the sum of the first \(n\) terms of the series is $$\frac { a \left( 1 - r ^ { n } \right) } { 1 - r } .$$ Mr. King will be paid a salary of \(\pounds 35000\) in the year 2005 . Mr. King's contract promises a \(4 \%\) increase in salary every year, the first increase being given in 2006, so that his annual salaries form a geometric sequence.
(b) Find, to the nearest \(\pounds 100\), Mr. King's salary in the year 2008. Mr. King will receive a salary each year from 2005 until he retires at the end of 2024.
(c) Find, to the nearest \(\pounds 1000\), the total amount of salary he will receive in the period from 2005 until he retires at the end of 2024.