Repeat Exercise 73 when the percent of the revenue that is spent again in the city decreases

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Repeat Exercise 73 when the percent of the revenue that is spent again in the city decreases to 60%.


Data from in Exercise 73

The total 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. Write the geometric series that gives the total amount of spending generated by the $200 million and find the sum of the series.


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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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