Step 1 :Given the geometric sequence \(\frac{1}{6}, \frac{1}{2}, \frac{3}{2}, \ldots, \frac{81}{2}\), we can see that the common ratio (r) is 3 and the first term (a) is \(\frac{1}{6}\).
Step 2 :We can find the number of terms (n) by setting the nth term of the geometric sequence equal to the last term and solving for n. The nth term of a geometric sequence is given by \(a_n = ar^{n-1}\).
Step 3 :Setting this equal to the last term gives us \(\frac{81}{2} = \frac{1}{6} * 3^{n-1}\). Solving this equation gives us n = 6.
Step 4 :We can now use the formula for the sum of a geometric sequence to find the sum of the first n terms. The formula is \(S_n = \frac{a(1 - r^n)}{1 - r}\).
Step 5 :Substituting the values we have, we get \(S_n = \frac{\frac{1}{6}(1 - 3^6)}{1 - 3}\).
Step 6 :Solving this gives us \(S_n = 60.67\) (rounded to two decimal places).
Step 7 :Final Answer: The sum of the first n terms of the geometric sequence is \(\boxed{60.67}\).