Answer:
Reserve rate = 9%
Step-by-step explanation:
Reserve ratio/rate is the percentage of deposits which commercial banks are required to keep as cash, as directed by the central banks.
first, let us calculate the reserve amount as follows:
Reserve = Deposit - (free amount to lend out)
Reserve = 28,000 - 25,480 = $2,520
![Reserve\ rate = \frac{Reserves}{Deposits} \times100\\Reserve\ rate = \frac{2520}{28000} \times100\\=\frac{252000}{28000} =9\%](https://tex.z-dn.net/?f=Reserve%5C%20rate%20%3D%20%5Cfrac%7BReserves%7D%7BDeposits%7D%20%5Ctimes100%5C%5CReserve%5C%20rate%20%3D%20%5Cfrac%7B2520%7D%7B28000%7D%20%5Ctimes100%5C%5C%3D%5Cfrac%7B252000%7D%7B28000%7D%20%3D9%5C%25)
Therefore the reserve rate = 9%
Answer:
Question no 2: shape 1 = 4x180=720 / shape 2= 720/6=120
Step-by-step explanation:
Shape 1 :
The reason we multiply 4 by 180 is because the sum of interior angles of a triangle sum up to 180 and there are 4 triangles so you multiply 4x180 to get 720.
Shape 2 :
In a hexagon all the sides are of the same length (congruent) and all the interior angles are all the same size (congruent) So the find the measure of the interior angles we know that the sum is 720 and there are six angles so... we divide 720/6 which gives us 120
Answer:
$ 850
Step-by-step explanation:
Martha and her brother started their own car-washing business.
We need to use front-end estimation to find out about how much their business will earn in 5 weeks.
Amount charged per car = $8.50
Number of cars washed per weekend = 22
Therefore, amount earned per weekend = Amount charged per car × Number of cars washed per weekend = 8.50 × 22 = $ 187
Amount earned in 5 weeks = amount earned per weekend × 5 = 187 × 5 = $ 935
Therefore, their business will earn $ 935 in 5 weeks.