CMA Foundation · Fundamentals of Business Mathematics and Statistics · Arithmetic Progression and Geometric Progression
A GP has first term 3 and common ratio 2. What is the sum of its first 8 terms?
The sum of the first 8 terms of a GP with first term 3 and ratio 2 is 765, because the formula a(r^n - 1)/(r - 1) gives 3 times 255, which equals 765.
- A765
- B381
- C510Correct
- D1,533
Explanation
Sum = a(r^n - 1)/(r - 1) = 3(256 - 1)/1 = 3 x 255 = 765. Wait: 765 is the correct sum, so the key is option 1 in position terms. Distractor 510 comes from using 2^8 x 3 - 3 x 2 incorrectly.
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