Suppose the annual spending by tourists in a resort city is $100 million. Approximately 75% of that revenue is again spent in the resort city, and of that amount approximately
75% is again spent in the same city, and so on.Summing all of this spending indefinitely, leads to the
Geometric series Find the sum of this series.
A)$800 million
B)$401 million
C)$200 million
D)$801 million
E)$400 million

Question

Suppose the annual spending by tourists in a resort city is $100 million. Approximately 75% of that revenue is again spent in the resort city, and of that amount approximately
75% is again spent in the same city, and so on.Summing all of this spending indefinitely, leads to the
Geometric series  Find the sum of this series.
A)$800 million 
B)$401 million 
C)$200 million 
D)$801 million 
E)$400 million

Quizplus · Accepted Answer

The Answer of Suppose the annual spending by tourists in a resort city is $100 million. Approximately 75% of that revenue is again spent in the resort city, and of that amount approximately
75% is again spent in the same city, and so on.Summing all of this spending indefinitely, leads to the
Geometric series  Find the sum of this series.
A)$800 million 
B)$401 million 
C)$200 million 
D)$801 million 
E)$400 million

Suppose the Annual Spending by Tourists in a Resort City