Jonah’s Restaurant reports net income of $20,000 during the year 2015. It distributes a dividend of $6,000 to its shareholders.
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We can find a formula for nth term of the given sequence as follows:
1, 5, 12, 22, 35
The 1st differences between terms:
4, 7, 10, 13
The 2nd differences :
3, 3, 3
Since it takes two rounds of differences to arrive at a constant difference between terms, the nth term will be a 2nd degree polynomial of the form: , where c is a constant. The coefficients a, b, and the constant c can be found.
We can form the following 3 equations with 3 unknowns a, b, c:
Solving for a, b, c, we get:
a = 3/2, b = -1/2, c = 0
Therefore, the nth term of the given sequence is: