Use the Partial Sum Formula to Find the Partial Sum $1,2,4 , \ldots$

question 69

Multiple Choice

Use the partial sum formula to find the partial sum of the given geometric sequence.
-Find the sum of the first five terms of the geometric sequence $1,2,4 , \ldots$

• A) \(\frac { 31 } { 5 }\)
• B) \(\frac { 91 } { 15 }\)
• C) \(\frac { 91 } { 3 }\)
• D) 31

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Definitions:

Equilibrium

A state in a market where supply equals demand, and there is no incentive for price to change, leading to market stability.

Interest Rate

A lender's charge to a borrower, represented as a percentage of the principal amount, for the privilege of borrowing assets.

Supply of Loanable Funds

The total amount of funds available for borrowing in the financial markets, determined by savings and influenced by interest rates.

Bank Deposits

Sums of money placed into an account in a bank for safekeeping, which can include savings, checking, and other types of accounts.