Suppose the annual spending by tourists in a resort city is $200 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)$1,600 million
B)$801 million
C)$400 million
D)$1,601 million
E)$800 million

Question

Suppose the annual spending by tourists in a resort city is $200 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)$1,600 million 
B)$801 million 
C)$400 million 
D)$1,601 million 
E)$800 million

Quizplus · Accepted Answer

The Answer of Suppose the annual spending by tourists in a resort city is $200 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)$1,600 million 
B)$801 million 
C)$400 million 
D)$1,601 million 
E)$800 million

Suppose the Annual Spending by Tourists in a Resort City