answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galina1969 [7]
2 years ago
14

In december 1994 a man in ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (his depo

sit weighed over 48,000 pounds!) with a reserve requirement of 5 percent, how did his deposit change the lending capacity of (a) his bank? $ 76,000 (b) the banking system? $
Mathematics
1 answer:
STatiana [176]2 years ago
6 0
8,000,000 pennies equals $80,000. 1/.05=20
20 x $80,000=$1,600,000 more that the bank was able to lend
☺☺☺☺
You might be interested in
A jar contains 27 marbles. There are 4 blue marbles and the rest are red. If a marble is chosen at random, what is the likelihoo
ikadub [295]

Answer:

23/27

Step-by-step explanation:

27-4=23

8 0
2 years ago
Find the value of the geometric series<br>1000 + 1000(1.03) + 1000(1.03)2 + . . . + 1000(1.03)9​
valentinak56 [21]

Answer:

\boxed{\sf \ \ \ 11,464 \ \ \ }

Step-by-step explanation:

hello

we need to compute the following

\sum\limits^9_{i=0} {1000(1.03)^i}=1000\dfrac{1.03^{10}-1}{1.03-1}=11463.879...

hope this helps

4 0
2 years ago
Julissa is running a 10-kilometer race at a constant pace. After running for 18 minutes, she completes 2 kilometers. After runni
trasher [3.6K]

For this case, the first thing we must do is define variables.

We have then:

t: the time in minutes

k: the number of kilometers

The relationship between both variables is direct.

Therefore, the function is:

k (t) = c * t

Where, "c" is a constant of proportionality.

To determine "c" we use the following data:

After running for 18 minutes, she completes 2 kilometers.

Substituting values:

2 = c * 18

Clearing c we have:

c = \frac{2}{18}

c = \frac{1}{9}

Then, the equation is given by:

k (t) = \frac{1}{9} * t

Answer:

An equation that can be used to represent k, the number of kilometers Julissa runs in t minutes is:

k (t) = \frac{1}{9} * t

7 0
2 years ago
Read 2 more answers
How does the saying "money breeds money" apply to simple interest?
r-ruslan [8.4K]
It applies because interest slowly increases the amount of money gained. IF you have any Tolkien related questions, feel free to ask me

6 0
2 years ago
Read 2 more answers
Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which option
kirza4 [7]

Answer:

The best option for him would be a real interest rate of 5%.

Step-by-step explanation:

The nominal interest rate is the one that represents the percentage of increase of the money that is in a certain investment, without discounting the depreciation due to inflation or the payment of taxes.

On the other hand, the real interest rate is the one that represents the real increase in the money invested, after discounting inflation and any taxes to be paid.

Therefore, the best option for Oscar would be to invest his $ 4,000 in a savings account with a real interest rate of 5% per year.

7 0
2 years ago
Other questions:
  • A computer is normally $899 but is discounted to $799. What percent of the original price does Shawn pay?
    12·1 answer
  • Why does the formula for the number of hosts per subnet (2h – 2) require the subtraction of two hosts?
    9·1 answer
  • Writing two column proofs<br> Given: BC bisects. ABD M ABD =52° prove: mABC=26°
    14·2 answers
  • It takes 48 pounds of seeds to completely plant a five acre field, how many acres can be planted per pound?
    8·1 answer
  • Given the figure below is a special type of trapezoid and WX || YZ, which angle pairs can be proven supplementary by the given i
    12·2 answers
  • What is three decimals that have a sum of 10.806
    13·1 answer
  • If f Superscript negative 1 Baseline (x) = negative one-fifth x, what is f Superscript negative 1 Baseline (x) = one-fifth x?
    11·2 answers
  • Which best describes Nosaira's work and answer? Her work is correct, but there is one solution rather than no solution. Her work
    6·2 answers
  • Carmen has taken out a loan for $800 to buy a car. She plans to pay back the loan at a rate of $40 per month. Ramona has borrowe
    11·1 answer
  • A manufacturer produces three models of bicycles. The times (in hours) required for assembling, painting, and packaging each mod
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!