If the reserve rate is 3% and a bank receives a deposit of $16,000, how much of the $16,000 is the bank free to loan out?
1 answer:
You might be interested in
Answer:
4xy See image.
Step-by-step explanation:
Remember for division questions to use Keep, Change, Flip. You will Keep the first term the same. Change the divide to times. And Flip the second term (turn it upside down, in math this is called the reciprocal)
Also, you need to know when you you get to the part where everything is times, then you times: top×top, and bottom×bottom.
Once everything is times, you can rearrange the order and cancel (cancel is not really the mathy thing happening, you are dividing---
x/x is 1 and y/y is 1,
10/5 is 2, 6/3 is 2) See image.
