Provide an appropriate response.
-Find the 8th term of the geometric sequence $1000, $1060, $1123.60, . . . .
A)$1418.52
B)$1593.85
C)$1503.63
D)$8480

Question

Quizplus · Accepted Answer

The sequence is geometric with the first term $a = 1000$ and common ratio $r = \frac{1060}{1000} = 1.06$. The nth term of a geometric sequence is given by $a_n = a \cdot r^{n-1}$. For the 8th term, $a_8 = 1000 \cdot (1.06)^7 = 1503.63$.

Provide an Appropriate Response