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A bank receives a initial deposit of 9,000, kept a percentage of 9% and loaned out the rest. The loan was paid back. If this cycle continued indefinately, how much money eventua…
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A bank receives a initial deposit of 9,000, kept a percentage of 9% and loaned out the rest. The loan was paid back. If this cycle continued indefinately, how much money eventua…
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Apr 18, 2018
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a bank receives a initial deposit of 9,000, kept a percentage of 9% and loaned out the rest. The loan was paid back. If this cycle continued indefinately, how much money eventually resulted from the initial deposit.
Mathematics
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Mike Hofer
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9000/0.09=100000 ...................
Shanemgrey
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Apr 24, 2018
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