Reena's annual salary increases by Rs. 500 each year, so her salary follows an arithmetic progression. The document defines an arithmetic progression as a series where each term after the first term is calculated by adding a constant value, called the common difference, to the previous term. It provides examples of arithmetic progressions with different initial terms and common differences. Finally, it presents formulas for calculating the sum of the first n terms of an arithmetic progression based on the initial term, common difference, and number of terms.