Question

Hello,Can you help me with question #56 in the photo?Thank you,

Answer 1

In order to calculate the total spending in the town each year, first, multiply by the 70% that is spent within the town,

`\begin{gathered} \text{\$}4,000,000*70\% \\ \text{\$}4,000,000*0.70 \\ =\text{\$}2,800,000 \end{gathered}`

Also, multiply by 70% of the amount people will spend after they receive it in town,

`\begin{gathered} \text{ \$}2,800,000*70\% \\ \text{ \$}2,800,000*0.70 \\ =1,960,000 \end{gathered}`

Answer:

The total spending in the town each year is $1,960,000