Answer:
cos A = 53.13
Step-by-step explanation:
cos =
cos A =
cos A = 0.60
cos-1 0.60 = A
53.13 = A
Suppose that Serendipity Bank has excess reserves of $14,000 and checkable deposits of $150,000.
1 answer:
Answer:
The size of the bank's actual reserves is $44000.
Step-by-step explanation:
The bank has checkable deposits of $150,000 and it has excess reserves of $14,000.
Therefore, the required reserves = 20% of the checkable deposit
= dollars. {As the reserve ratio is 20%}
Now, we know that the bank's actual reserves = The required reserves + The excess reserves
= $(30000 + 14000)
= $44000
Therefore, the size of the bank's actual reserves is $44000. (Answer)
You might be interested in
Step 1: Assign variable for the unknown that we need to find.
Let x be the number of students in 7th grade.
Step 2: Using the given statement we need to set up an equation.
7.5% of number of students in 7th grade are absent. 9 students are absent.
Conclusion:
There are<em><u> 120 students</u></em> in 7th Grade