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Vinil7 [7]
3 years ago
9

A new factory in a small town has an annual payroll of ​$ million. It is expected that of this money will be spent in the town b

y factory personnel. The people in this town who receive this money are expected to spend of what they receive in the​ town, and so on. What is the total of all this​ spending, called the total economic impact of the​ factory, on the town each​ year? Use the formula for the sum of an infinite geometric series.
Mathematics
1 answer:
cluponka [151]3 years ago
8 0

Answer:

I would say a millions dollars!

Step-by-step explanation:

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trasher [3.6K]

Answer:

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Step-by-step explanation:

Assume year 2000 as t, that is  t =0.

Formula:

A= A_0e^{rt}

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Given value:

A = A_0e^{rt} \\\\

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photoshop1234 [79]

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