Suppose the Annual Spending by Tourists in a Resort City $1,000 \left( 1 + 0.90 ^ { n } \right)$

question 103

Multiple Choice

Suppose the annual spending by tourists in a resort city is $100 million. Approximately 90% of that revenue is again spent in the resort city, and of that amount approximately 90% is again spent in the same city, and so on. Write the expression that gives the total amount of Spending generated by the $100 million after n years.

• A) \(1,000 \left( 1 + 0.90 ^ { n } \right)\) million dollars
• B) \(1,001 \left( 1 + 0.90 ^ { n } \right)\) million dollars
• C) \(2,000 \left( 1 - 0.90 ^ { n } \right)\) million dollars
• D) \(999 \left( 1 - 0.90 ^ { n } \right)\) million dollars
• E) \(1,000 \left( 1 - 0.90 ^ { n } \right)\) million dollars

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