subject
Mathematics, 24.06.2019 01:00 jaleelbrown80

Abank recieved an initial of $15,000, kept a percentage of this money in reserve based on a reserve rate of %3, amd loaned out the rest. the amount it loaned out eventually was all deposited back into the bank. if this cycle continued indefinitely, how much money would eventually resulted from the initial deposit?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
Find three consecutive numbers such that the sum of one-fourth the first and one-fifth the second is five less than one-seventh the third
Answers: 1
question
Mathematics, 21.06.2019 19:40
An alternative to car buying is to make monthly payments for a period of time, and then return the vehicle to the dealer, or purchase it. this is called
Answers: 3
question
Mathematics, 21.06.2019 20:30
Joe has some money in his bank account he deposits 45$ write an expression that represents the amount of money in joe's account
Answers: 2
question
Mathematics, 22.06.2019 00:30
Two corresponding sides of two similar triangles are 3cm and 5cm. the area of the first triangle is 12cm2. what is the area of the second triangle?
Answers: 2
You know the right answer?
Abank recieved an initial of $15,000, kept a percentage of this money in reserve based on a reserve...
Questions
question
Chemistry, 10.07.2019 15:00
question
Biology, 10.07.2019 15:00
question
Biology, 10.07.2019 15:00
Questions on the website: 13722367