Answer:
100,000
Step-by-step explanation:
Given :
Initial deposit = 40000
Amount of money = Initial deposit / Reserve rate
When reserve rate = 10% = 0.1
Amount of money = 40000 / 0.1 = 400,000
When reserve rate = 8% = 0.08
Amount of money = 40000 / 0.08 = 500,000
Difference = 500,000 - 400,000 = 100,000
Amount of money will increase by 100,000
(a.) On line 4, Travis subtracted $188 from $180 and got a positive answer. The difference should be -$8.00.
(b.) <em>(work provided in picture)</em> To get his account back to 0, Travis needs to deposit $21.80 or more to avoid another overdraft fee.
B
C
D
E