Answer: $ 81,000
Step-by-step explanation:
After ACC Spellman Company deposits its $ 100,000 into Itsa Bank, Itsa will have $ 90,000 as maximum allowable amount to loan to company B Bugle since it has to reserve 10% of the $ 100,000 or $ 10,000.
When That There Bank receives the $ 90,000, it can loan out $ 81,000 as a maximum amount and reserve $ 9000 ( 10% of 90,000) .
Answer:
0.012
Step-by-step explanation:
0.6/48.24
1. multiply numerator and denominator by 100 to get 60/4824
2. divide 60 by 4824
3. you get 0.012
( i would've written out how to get that answer but there are about 10 steps and it's really hard to type them out)
It should be A if i am correct