Suppose that $500,000 of counterfeit money is currently in circulation and that each time the counterfeit money is used, 35% of it is detected and removed from circulation. How much counterfeit money, to the nearest thousand dollars, is used in transactions before all of it is removed from circulation?
A)$769,000
B)$1,346,000
C)$1,154,000
D)$705,000
E)$1,410,000

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The Answer of Suppose that $500,000 of counterfeit money is currently in circulation and that each time the counterfeit money is used, 35% of it is detected and removed from circulation. How much counterfeit money, to the nearest thousand dollars, is used in transactions before all of it is removed from circulation?
A)$769,000
B)$1,346,000
C)$1,154,000
D)$705,000
E)$1,410,000

Suppose That $500,000 of Counterfeit Money Is Currently in Circulation