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Elan Coil [88]
3 years ago
15

If a bank has total deposits of $7,200 and reserves of $1,600: instructions: round to the nearest whole number. (a) what is its

current reserve ratio? 5 incorrect % (b) how large is its loan portfolio (outstanding loans)? 88 incorrect %
Mathematics
1 answer:
Serjik [45]3 years ago
4 0
A.) The current reserve ratio is given by the fraction of the bank's total deposits held in reserves.
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:

\frac{1,600}{7,200} \times100\%=22\%.


b.) The loan portfolio is given by (total deposit - reserves) / total deposits

Thus, the loan portfolio of the given bank is given by:

\frac{7,200-1,600}{7,200} \times100\%= \frac{5,600}{7,200} \times100\% \\  \\ =78\%
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In the beginning, there are N coins to be distributed among 17 pirates, and we know that if we divide evenly these coins, there are 3 coins remaining.

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where k is an integer.

After that, a pirate is killed, so now we have 16 pirates, and now there are 10 coins left, so now we can write N as a multiple of 16 plus 10:

N = 16*j + 10

where j is an integer.

Finally, having 15 pirates, the total number of coins can be divided evenly, then N is a multiple of 15

N = 15*m

where m is an integer.

So we have these 3 equations:

N = 17*k + 3

N = 16*j + 10

N = 15*m

So we can express equations like:

15*m = 16*j + 10

15*m = 17*k + 3

Where we need to find solutions such that both of these variables are integers.

For the first one we can write:

15*m - 16*j = 10

One way to do it, is to write this like a linear equation:

m = (16*j + 10)/15

Graph this, and find the pairs of points in the line that have bot integer values, or we can just find some values of j such that:

16*j + 10 is a multiple of 15.

For example, with j = 5 we have:

m = (16*5 + 10)/15 = 6

so j = 5 and m = 6 is a possible solution.

Now if we use m = 6 in the other equation:

15*m = 17*k + 3

we can see if k is also an integer:

k = (15*m - 3)/17

replacing m by 6:

k = (15*6 - 3)/17 = 5.1

This solution does not work.

Let's find others:

if j = 20  (at this point we already know that the possible values of j "jump" by 15 units, like 5 + 15 = 20) then:

m = (16*20 + 10)/15 = 22

Then:

j = 20 and  m = 22 is another solution.

Same as before, let's use m = 22 in the equation for k:

k = (15*22 - 3)/17 = 19.2

Let's find another solution for m.

if  j = 35

m = (16*35 + 10)/15 = 38

Using this value of m in the k equation we get:

k = (15*35 - 3)/17 = 33.4

Let's find another solution for m.

if we take j = 50 we get:

m = (15*50 + 10)/15 = 54

Using this in the k equation we get:

k = (15*54 - 3)/17 = 47.5

Eventually, for j = 5  + 15*16 = 245 we get:  (arrived by iteration, just try each time using the previous value of j plus 15)

m = (16*245 + 10)/15 = 262

replacing this in the k equation we can find:

k = (15*262 - 3)/17 = 231.

So the first solution is:

j = 245, m = 262, k = 231

Then:

N = 262*15 = 3,930

The least number of coins that could have been stolen is 3,930.

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