Mathematics, 17.04.2021 17:00 2023greenlanden

A factory contributes £1 million into a small city. It is estimated that 75% of that money is respent back into the community. Economists assume that the money is re-spent again and
again at a rate of 75%. Find an approximation for the total money re-spent from this original £1 million.

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A factory contributes £1 million into a small city. It is estimated that 75% of that money is respe...