Question: If the sum of the first 5 terms of a geometric series is 31 and the first term is 1, what is the common ratio? (2023)
Options:
Correct Answer: 3
Exam Year: 2023
Solution:
Using the formula for the sum of a geometric series, S_n = a(1 - r^n) / (1 - r), we can solve for r. Here, S_5 = 1(1 - r^5) / (1 - r) = 31, leading to r = 3.