Math Problem Statement
Solution
The uploaded image describes a sequence problem involving the price of a stock that decreases hourly, forming a geometric sequence. Let's break down and solve the problem.
Recognize and Describe:
- The sequence starts at 18,900 dollars.
- Each term is divided by 10, meaning the common ratio (r) is .
Classify:
- Since each term is obtained by multiplying the previous term by a constant ratio (0.1), the sequence is geometric.
Recursive Formula:
- The first term is .
- The recursive formula is: where .
Predict the Next Term:
The fourth term is . To find the fifth term:
Answer:
After another hour, the stock price would be $1.89 per share.
Would you like a detailed breakdown or have questions? Here are some related questions for practice:
- How would the formula change if the common ratio was instead of ?
- Write the explicit formula for the -th term of this sequence.
- How many hours would it take for the price to drop below ?
- What is the sum of the first five terms of this sequence?
- If the initial stock price was $10,000 and the common ratio remained the same, what would be the price after 5 hours?
Tip: Always verify the common ratio in geometric sequences by dividing any term by its preceding term.
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Math Problem Analysis
Mathematical Concepts
Geometric Sequences
Recursive Formulas
Ratios
Formulas
Recursive formula: g_n = g_(n-1) * r
Explicit formula for geometric sequence: g_n = g_1 * r^(n-1)
Theorems
Properties of Geometric Sequences
Suitable Grade Level
Grades 8-10
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