On a geometric sequence, consecutive terms have a common ratio.
The formula for the n-th term a geometric sequence with first term a_1 an common ratio r is:
[tex]S(n)=a_1\cdot r^{n-1}[/tex]
In this case, we can see that the first term is 30,000. To find the common ratio, divide the value of the second term by the value of the first term:
[tex]\begin{gathered} r=\frac{a_2}{a_1} \\ =\frac{36,000}{30,000} \\ =1.2 \end{gathered}[/tex]
Substitute a_1=30,000 and r=1.2 to find the explicit formula for the geometric sequence:
[tex]S(n)=30,000\times1.2^{n-1}[/tex]