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A factory contributes £1 million into a small city.It is estimated that 75% of that money is respent back into the community. Economists assume that the money is re-spent again and again at the rate of 75%. Find an approximation for the total money re-spent from this original £1 million
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Step-by-step explanation:
Economists assume that the money is re-spent again and again at the rate of 75%
Answered by
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Step-by-step explanation:
Economists assume that the money is re-spent again and again at the rate of 75%
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