
GEN MATH ST2 REVIEWER 1
Quiz by JONALD ROSARIO
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During a school fund-raising activity, the Mathematics Club records the amount collected from students. The first week's collection was ₱500. The amount collected increased by 20% each week, forming the pattern:
₱500, ₱600, ₱720, ₱864, ₱1,036.80, …
The club wants to represent the collected amounts as a series and use mathematical notation to describe the pattern.
What type of series is represented by the given pattern? What is the common ratio of the series?
  A. Arithmetic series         B. Geometric series           C. Harmonic series             D. Fibonacci series