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=Mathematical Designs and patterns can be made using notions of Arithmetic progression and geometric progression. AP techniques can be applied in engineering which helps this field to a large extent....=

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Questions of application of arithmetic and geometric progression in business?

Arithmetic and geometric progressions are crucial in business for various applications, such as financial forecasting and inventory management. Arithmetic progressions can help model consistent growth or decline in sales over time, while geometric progressions are useful for understanding compound interest, investment growth, and market trends. By applying these mathematical concepts, businesses can make informed decisions regarding pricing strategies, budgeting, and resource allocation. Ultimately, mastering these progressions enables firms to optimize their financial performance and strategic planning.


Application of geometric progression in business?

Immediately springing to mind, geometric progression is used in accountancy in finding the Net Present Value of projects (specifically, the value of money each year based on the discount factor). It is also used in annuities, working out monthly repayments of loans and values of investments - compound interest is a geometric progression.


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