If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?
1 answer:
You might be interested in
Answer: There are 25 FTEs.
Step-by-step explanation:
Since we have given that
Number of hour week for full time employee = 40 hours
In a month we know that
Number of weeks = 4
Total number of hours in a month would be
If in last month, the hotel's 80 employees worked a total of 4000 hours,
So, Full time equivalent workers were employed by the hotel last month would be
Hence, there are 25 FTEs.