If ∣r∣<1, a geometric series converges even as n→∞. The sum a+ar+ar2+ar3+... equals 1−ra.
For example, 1+21+41+81+... has a=1 and r=21. The sum is 1−1/21=2.
This appears in probability (expected values), algorithm analysis (amortized cost), and anywhere you sum decreasing powers. When ∣r∣≥1, the series diverges (sum grows without bound).