If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in
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Complete the table for the function y = 0.1^x
The first step: plug values from the left column into the ‘x’ spot in the formula <u>y=0.1^x</u>.
* 0.1^-2 : We can eliminate the negative exponent value by using the rule a^-1 = 1/a. Keep this rule in mind for future problems. (0.1^-2 = 1/0.1 * 0.1 = 100).
* 0.1^-1 = 1/0.1 = 10
* 0.1^0 = 1 : (Remember this rule: a^0 = 1)
* 0.1^1 = 0.1
Our list of values: 100, 10, 1, 0.1
Now, we can plug these values into your table:
The points can now be graphed. I will paste a Desmos screenshot; try to see if you can find some of the indicated (x,y) values: [screenshot is attached]
I hope this helped!
