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Thread: SOA Question 14

  1. #1
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    SOA Question 14

    Please anybody in the house to help me with a layman understanding solve SOA Q14. Thanks.

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    Where are you confused in the solution?

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    in the second line it says sum of (1/5)^k * p0 = p0 / 1-(1/5). Is this a general rule?

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    Quote Originally Posted by Wilbert View Post
    in the second line it says sum of (1/5)^k * p0 = p0 / 1-(1/5). Is this a general rule?
    Yes and that rule is called "geometric sum".

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