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A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ million. if the bank’s assets increase by 10% and its…
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A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ million. if the bank’s assets increase by 10% and its…
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Oct 24, 2018
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A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ million. if the bank’s assets increase by 10% and its liabilities do not change, its capital increases by ____________ .
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Reina
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Hi there
We know that the formula of the balance sheet is
Assets=liabilities+capital
So we want to find the amount of capital the formula is
Capital=assets-liabilities
The first answer is
Capital=190million−150million=40million...answer
The second answer
if the bank’s assets increase by 10% and its liabilities do not change
The amount of assets is
190+190×0.1=209million
And the amount of capital is
Capital=209−150=59million
capital increases by
59-40=19million. ..answer
Good luck!
Ramji
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Oct 30, 2018
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Ramji
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