Identifying Arithmetic & Geometric Sequences in Real Life

A car's value depreciates by $2,000 each year. If the car was purchased for $20,000, what will its value be after 5 years? Identify the sequence type.

• $15,000

• $10,000

• $12,000

• $8,000

A bank offers a savings account with an initial deposit of $1,000 and an interest rate of 5% compounded annually. What will the total amount in the account be after 3 years? Identify the sequence type.

• $1,150.00

• $1,200.00

• $1,157.63

• $1,100.00

A company produces 100 units of a product in the first month and increases production by 20 units each subsequent month. How many units will be produced in the 6th month? Identify the sequence type.

• 200

• 220

• 150

• 180

A sequence of numbers starts with 2 and each term is multiplied by 3 to get the next term. What is the 4th term in this sequence? Identify the sequence type.

• 18

• 72

• 54

• 36

A student saves $50 in the first month and increases their savings by $10 each month. How much will the student have saved after 6 months? Identify the sequence type.

• $300

• $150

• $600

• $450

A theater sells tickets for $15 in the first week and increases the price by $2 each week. What will the ticket price be in the 8th week? Identify the sequence type.

• $25

• $29

• $31

• $20

A sequence starts with 5 and each term is 4 less than the previous term. What is the 5th term in this sequence? Identify the sequence type.

• -11

• -15

• -3

• -7

A person invests $500 in a stock that increases in value by 10% each year. What will the value of the investment be after 2 years? Identify the sequence type.

• $605

• $550

• $620

• $500