Recognise a fixed amount
An arithmetic model describes a quantity that changes by the same amount each time. That fixed increase or decrease is the common difference, .
Let be the amount for period , with first value . Use for one period, or add the amounts using
Example: a year of monthly deposits
A saver makes a January deposit of £100. Each later monthly deposit is £10 larger than the preceding one, continuing through December. Calculate the total paid in during that year.
- The deposits form , so and .
- January through December gives deposits, so .
- The question asks for all the deposits added together, so calculate .
The total deposited is £1,860. Here a term represents a single monthly deposit, not the total paid in so far.
Exam Tip: A question about savings, salaries, commission or profits may not name a sequence method. Identify the repeated change, state , and the number of payments, then use the sum formula when the question asks for a total.