The arithmetic and geometric sequences have well-known historical names and closed-form formulas: they are the two most important families of sequences in elementary arithmetic and recur in finance, physics, population biology, wherever there is “fixed-rate” growth.
Definition — Arithmetic progression (AP)
An arithmetic progression is a sequence in which each term is obtained from the previous one by adding a constant , called the common difference: The closed form of the -th term is (using indexing from , which is the most common in this context).
Links
Topics: Sequences
Concepts: Arithmetic progression · Common ratio · General term