Answer:
$4500
Step-by-step explanation:
it decreases $300 per yeae
Answer:
Reserve rate = 9%
Step-by-step explanation:
Reserve ratio/rate is the percentage of deposits which commercial banks are required to keep as cash, as directed by the central banks.
first, let us calculate the reserve amount as follows:
Reserve = Deposit - (free amount to lend out)
Reserve = 28,000 - 25,480 = $2,520
![Reserve\ rate = \frac{Reserves}{Deposits} \times100\\Reserve\ rate = \frac{2520}{28000} \times100\\=\frac{252000}{28000} =9\%](https://tex.z-dn.net/?f=Reserve%5C%20rate%20%3D%20%5Cfrac%7BReserves%7D%7BDeposits%7D%20%5Ctimes100%5C%5CReserve%5C%20rate%20%3D%20%5Cfrac%7B2520%7D%7B28000%7D%20%5Ctimes100%5C%5C%3D%5Cfrac%7B252000%7D%7B28000%7D%20%3D9%5C%25)
Therefore the reserve rate = 9%
Answer:
Explained
Step-by-step explanation:
Basically there are three type of income
1)Earned income.
2) portfolio income.
3) Passive income.
1. The income earned shall be revenue earned after you have worked hard. Wage is an income earned. You are no longer gained income if you stop working. The longer you spend, the more revenues you earn (overtime pay).
2.Capital gains are best known as portfolio revenue. You gain this when you sell an asset at a price higher than when you purchased it. Portfolio profit is the difference from the sales price and value. Your portfolio can include shares, property and other resources (antiquities, automobiles).
3.Passive earnings are earned without your effort. You buy or buy existing assets for this income. Leasing is a case in point. Rental income is type of one passive income.
It is A sure do hope this helps
Scientific notation = 4.1 x 10^9
Decimal notation = 4,100,000,000