Suppose the Annual Spending by Tourists in a Resort City

Multiple Choice

Suppose the annual spending by tourists in a resort city is $200 million.Approximately 75% of that revenue is again spent in the resort city,and of that amount approximately 75% is again spent in the same city,and so on.Summing all of this spending indefinitely,leads to the geometric series .Find the sum of this series. ​

A) $1,600 million
B) $801 million
C) $400 million
D) $1,601 million
E) $800 million