Solitary savings bank recieved an initial deposit of 2000$ it kept a percentage of this money in reserve based on the reserve rate and loaned out the rest. the amount it loaned out was eventually all deposited back into the bank if this cycle continued indefinitely and eventually the 2000$ turned into 40,000$ what was the reserve rate
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Solitary savings bank recieved an initial deposit of 2000$ it kept a percentage of this money in reserve based on the reserve rate and ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the value of v? 4/5 (v-7) = 2
Answers (1)
Find the slope of a line that has the following intercepts: y-intercept: - 2; x-intercept: 3. Round your answer to 1 decimal place.
Answers (1)
Write 2x-10=6 in a math problem
Answers (2)
The nose cone houses the satellite until the satellite is placed in orbit what is the volume of the nose cone
Answers (2)
How to get the answer to this equation 1+4=5 2+5=12 3+6=21 8+11=?
Answers (1)
New Questions in Mathematics
Which scenario could be represented by the algebraic expression 365/y? Barb wants to divide a number by the days in a year. Barb wants to multiply the days in a year by a number. Barb wants to divide the days in a year by a number.
Answers (1)
If on the 1040EZ form, the amount on line 10 is greater than the amount on line 11 in the Payments Credits, and Tax section shown below, the taxpayer will:
Answers (1)
What is the best approximation for the area of this circle? Use 3.14 to approximate pi. 25.1 in² 50.2 in² 201.0 in² 803.8 in² Circle with radius labeled 8 in.
Answers (2)
How to subtract integers
Answers (1)
A package of crackers weighing 8.2 Oz cost $2.87 what is the cost per ounce of the crackers
Answers (1)