Solitary savings bank received 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?

5%

Step-by-step explanation:

Given that Solitary savings bank received intially amount  of 2000/-

Let x% percent be kept as reserve then (100-x)% will be loaned out which would be deposited in other bank. The other bank would keep x% of 100-x and again loan the remaining amount.

Thus the total deposits of this cycle would be a geometric series as

2000[1+(100-x)%+(100-x)%^2+(100-x)^3+...]

Here common ratio is

for all positive x

This series is infinite and sum of this would be

sum of geometric series

=

This is given as 40000

Hence equate and simplify to get

x=5%

So reserve rate is 5%

perimeter of the first rectangular board is 9 feet.

step-by-step explanation:

let p = perimeter of first board.

l = length of first board

w = width of first board

length of first board = 2 * width of first board - 3

l = 2w - 3

perimeter of first board = 2l + 2w

since l = 2w-3, then

p = 2*(2w-3) + 2w which equals 4w-6 + 2w which equals 6w-6

length and width of the second board are reciprocals of corresponding length and width of the first board.

length of second board = 1/(2w-3)

width of second board = 1/w

perimeter of second board is 1/5th perimeter of the first board.

perimeter of second board = p/5

perimeter of the second board = (2/(2w-3) + 2/w)

since the perimeter of the first board is 5 times the perimeter of the second board, this means that:

6w-6 = 5*(2/(2w-3) + 2/w)

which is the same as:

6w-6 = (10/(2w-3) + 10/w)

if we multiply both sides of this equation by (2w-3), we get:

(6w-6)*(2w-3) = 10 + 10*(2w-3)/w

if we multiply both sides of this equation by w, we get:

(6w-6)*(2w-3)*w = 10*w + 10*(2w-3)

we can simplify this to become:

(6w-6)*(2w-3)*w = 10w + 20w - 30

which becomes:

(6w-6)*(2w-3)*w = 30w-30

if we divide both sides of this equation by (6w-6), we get:

(2w-3)*w = (30w-30)/(6w-6)

which becomes:

(2w-3)*w = 5

this can be simplified to:

2w^2 - 3w = 5

subtract 5 from both sides of this equation to get:

2w^2 - 3w - 5 = 0

which can be factored into:

(2w-5)*(w+1) = 0

which makes:

w = 5/2

or

w = -1.

w can't be negative so the only possible answer is w = 5/2.

if w = 5/2, then

p = 2w-3 = 5-3 = 2

we have:

p = 2

w = 5/2

p = 2l + 2w gets p = 4 + 5 = 9

the perimeter of the first board is 9 feet.

since the perimeter of the second board is 1/5 the perimeter of the first board, the perimeter of the second board is 9/5.

to see if that's correct, we substitute known values for l and w into the second board.

the length of the second board is 1/l.

this becomes 1/2.

the width of the second board is 1/w

this bgecomes 1/(5/2) = (2/5)

let l2 = length of second board.

let w2 = width of second board.

l2 = (1/2)

w2 = (2/5)

let p2= perimeter of second board.

then p2 = 9/5

since p2 = 2*l2 + 2*w2, we should get p2 = 9/5 using the dimensions of l2 and w2.

2 * l2 = 2 * (1/2) = 1

2 * w2 = 2 * (2/5) = 4/5

1 is the same as 5/5

5/5 + 4/5 = 9/5

p2 checks out good.

the dimensions as given are good.

answer to the problem is:

perimeter of the first rectangular board is 9 feet.