Suppose the Annual Spending by Tourists in a Resort City $1,000 \left( 1 + 0.90 ^ { n } \right)$

Multiple Choice

Suppose the annual spending by tourists in a resort city is $100 million. Approximately 90% of that revenue is again spent in the resort city, and of that amount approximately 90% is again spent in the same city, and so on. Write the expression that gives the total amount of Spending generated by the $100 million after n years.

A) $1,000 \left( 1 + 0.90 ^ { n } \right)$ million dollars
B) $1,001 \left( 1 + 0.90 ^ { n } \right)$ million dollars
C) $2,000 \left( 1 - 0.90 ^ { n } \right)$ million dollars
D) $999 \left( 1 - 0.90 ^ { n } \right)$ million dollars
E) $1,000 \left( 1 - 0.90 ^ { n } \right)$ million dollars