This document discusses sequences and series, their definitions, types, and applications in daily life. It begins by defining a sequence as a collection of objects in a particular order, with each element having a specific rank or index. Two main types of sequences are discussed: arithmetic sequences, where each term is determined by adding or subtracting a constant from the previous term, and geometric sequences, where each term is determined by multiplying the previous term by a fixed ratio.
The document then provides several examples of how sequences and series are applied in various areas of daily life, such as calculating investment growth, depreciation of objects, population growth, compound interest, and calculating simple interest. In conclusion, the document emphasizes that sequences and series