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12.3 Exercise 90

Avg difficulty 2.5

Solve the problem.

Find the total effect on the economy of each government tax rebate to each household in order to stimulate the economy if each household will spend the indicated percent of the rebate in goods and services.

Tax rebate to each household Percent spent on goods and services Total Effect on the economy
ⓐ $1,000\$ 1,000 85%85 \%
ⓑ $1,000\$ 1,000 75%75 \%
ⓒ $1,500\$ 1,500 90%90 \%
ⓓ $1,500\$ 1,500 80%80 \%

OpenStax Intermediate Algebra 2e, 12.3 Geometric Sequences and Series, exercise 90

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Adapted from Intermediate Algebra 2e © 2020 Rice University. Licensed under CC BY 4.0. Source: Intermediate Algebra 2e. Imported at revision 77a933c.