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:

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:

Substitute a_1=30,000 and r=1.2 to find the explicit formula for the geometric sequence:
