Suppose the Annual Spending by Tourists in a Resort City

question 105

Multiple Choice

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

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