Answer:
.
.
Step-by-step explanation:
Let
,
, and
be scalars such that:
.
.
.
The question states that
. In other words:
.
.
.
Make use of the fact that
whereas
.
.
.
The question also states that the scalar multiple here is positive. Hence,
.
Therefore:
.
could also be expressed in terms of
and
:
.
.
Equate the two expressions and solve for
and
:
.
.
Hence:
.
.
The formula for the money multiplier is :
1/ Reserve rate
so, the answer would be :
1/0.05
The answer is 9.37 when it is rounded up.
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Yes because if yuo add 12 more your adding 12 more of students to make 24