The interest that Brain would receive is $12.03.
<h3>How much interest would Brain receive?</h3>
The interest received is a function of the amount saved, interest time and the length of time the money was saved.
Interest = amount saved x number of months x (annual interest rate / 12)
$875 x 3 x (0.055 / 12) = $12.03
To learn more about interest, please check: brainly.com/question/26164549
#SPJ1
Answer:
-7 or just 7
Step-by-step explanation:
In 56.6 earth days , it rotates 1 time
so, in 1 earth day , it will rotate
times
now, In a earth year, there are 365 days.
So, in 365 earth days, it will rotate =
2ND ONE
HOPE THIS HELPED!!!!!:))))))))
Answer:
reserves increase by $100 million and the money supply increases by more than $100 million.
Step-by-step explanation:
Consider the provided information.
It is given that central bank buys $100 million worth of bonds, that means an amount of $100 million in the deposits account of the account holders.
Therefore the reserves increase by $100 million.
It is also given that there are no excess reserves, it means banks can lend the reserves and that will increase the money supply by more than $100 million.
Hence, reserves increase by $100 million and the money supply increases by more than $100 million.