Real-Life Applications of Geometric Progression
Some of the common real life application of geometric progression are:
- Finance: Compound Interest
- Medicine: Bacteria Culters
Real-life Applications of Geometric Progression
Geometric Progression is a sequence of numbers whereby each term following the first can be derived by multiplying the preceding term by a fixed, non-zero number called the common ratio. For example, the series 2, 4, 8, 16, 32 is a geometric progression with a common ratio of 2. It may appear to be a purely academic concept, but it is widely used in our day-to-day life. From calculating compound interest to estimating the number of bacteria in a culture, geometric progression is applied. We will discuss these applications of geometric progression in detail in this article.
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