Question

which formula would I have to use on this problem, out of arithmetic sequence, arithmetic series, geometric sequence, or geometric series.


A major US city reports a 12% increase in decoration sales during the yearly holiday season. If decoration sales were 8 million in 1998, how much did the city report in total decoration sales by the end of 2004?

Answer 1

Geometric series.

Answer 2

Are you adding anything?

Yes - Series
No - Sequence

Does it Increase/Decrease by a Constant Amount?

Yes - Arithmetic
No - Keep Looking.

Does it Increase/Decrease by a Constant Ratio?

Yes - Geometric
No - Keep Looking.

Answer 3

What did you conclude?