$\sum_{k=1}^n a r^{k-1} - y$ is a polynomial in $r$ of degree $n-1$, typically irreducible over the rationals. In general it may not be solvable in radicals.
For example, try $n=6$, $a=1$, $y=3$: $r^5 + r^4 + r^3 + r^2+r - 2$ has Galois group $S_5$ (according to Maple) and is not solvable in radicals. Of course numerical solution methods can be used: the real root is approximately $0.7090111952$.
EDIT: If you are looking for rational roots, the Rational Root Theorem lets you reduce the problem to finitely many possibilities. It changes things completely. Why didn't you mention that in the first place?