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

Question

2 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] · Answer 1 · 2022-04-16T07:56:46+03:00

cluponka [151]2 years ago

8 0

Answer:

I would say a millions dollars!

Step-by-step explanation:

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

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