Solve the Problem. -An Event in Daytona Beach Brings an Estimated 550,000 People

Multiple Choice

Solve the problem.
-An event in Daytona Beach brings an estimated 550,000 people to the town. Suppose that each person spends an average of $330.
a.How much money is infused into the local economy during the event?
b. If the money is respent in the community over and over again at a rate of 64%, determine the totalAmount spent. Assume that the money is respent an infinite number of times.

A) a. $181,500,000
b. $504,166,667

B) a. $181,500,000
b. $283,593,750

C) a. $181,500,000
b. $2,880,952.38

D) a. $18,150,000
b. $50,416,667