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2 years ago

If the Fed's reserve requirement is 5 percent, then what quantity of excess reserves does the Bank of Cheerton now hold?

Mathematics

1 answer:

elixir [45]2 years ago

8 0

The quantity of excess reserves that the Bank of Cheerton now hold is $210

From the attached table, the amount generated on the reserve is $4,200

If the Fed's reserve requirement is 5 percent, then the quantity of excess reserves that the Bank hold is given as:

Quantity of excess reserves = 5% of $4,200

Quantity of excess reserves = 0.05 * 4200

Quantity of excess reserves = $210

Hence the quantity of excess reserves that the Bank of Cheerton now holds is $210.

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3 years ago

A triangle is formed from the points L(-3, 6), N(3, 2) and P(1, -8). Find the equation of the following lines:

Dima020 [189]

Answer:

Part A) $y=\frac{3}{4}x-\frac{1}{4}$

Part B) $y=\frac{2}{7}x-\frac{5}{7}$

Part C) $y=\frac{2}{7}x+\frac{8}{7}$

see the attached figure to better understand the problem

Step-by-step explanation:

we have

points L(-3, 6), N(3, 2) and P(1, -8)

Part A) Find the equation of the median from N

we Know that

The median passes through point N to midpoint segment LP

step 1

Find the midpoint segment LP

The formula to calculate the midpoint between two points is equal to

$M(\frac{x1+x2}{2},\frac{y1+y2}{2})$

we have

L(-3, 6) and P(1, -8)

substitute the values

$M(\frac{-3+1}{2},\frac{6-8}{2})$

$M(-1,-1)$

step 2

Find the slope of the segment NM

The formula to calculate the slope between two points is equal to

$m=\frac{y2-y1}{x2-x1}$

we have

N(3, 2) and M(-1,-1)

substitute the values

$m=\frac{-1-2}{-1-3}$

$m=\frac{-3}{-4}$

$m=\frac{3}{4}$

step 3

Find the equation of the line in point slope form

$y-y1=m(x-x1)$

we have

$m=\frac{3}{4}$

$point\ N(3, 2)$

substitute

$y-2=\frac{3}{4}(x-3)$

step 4

Convert to slope intercept form

Isolate the variable y

$y-2=\frac{3}{4}x-\frac{9}{4}$

$y=\frac{3}{4}x-\frac{9}{4}+2$

$y=\frac{3}{4}x-\frac{1}{4}$

Part B) Find the equation of the right bisector of LP

we Know that

The right bisector is perpendicular to LP and passes through midpoint segment LP

step 1

Find the midpoint segment LP

The formula to calculate the midpoint between two points is equal to

$M(\frac{x1+x2}{2},\frac{y1+y2}{2})$

we have

L(-3, 6) and P(1, -8)

substitute the values

$M(\frac{-3+1}{2},\frac{6-8}{2})$

$M(-1,-1)$

step 2

Find the slope of the segment LP

The formula to calculate the slope between two points is equal to

$m=\frac{y2-y1}{x2-x1}$

we have

L(-3, 6) and P(1, -8)

substitute the values

$m=\frac{-8-6}{1+3}$

$m=\frac{-14}{4}$

$m=-\frac{14}{4}$

$m=-\frac{7}{2}$

step 3

Find the slope of the perpendicular line to segment LP

Remember that

If two lines are perpendicular, then their slopes are opposite reciprocal (the product of their slopes is equal to -1)

$m_1*m_2=-1$

we have

$m_1=-\frac{7}{2}$

$m_2=\frac{2}{7}$

step 4

Find the equation of the line in point slope form

$y-y1=m(x-x1)$

we have

$m=\frac{2}{7}$

$point\ M(-1,-1)$ ----> midpoint LP

substitute

$y+1=\frac{2}{7}(x+1)$

step 5

Convert to slope intercept form

Isolate the variable y

$y+1=\frac{2}{7}x+\frac{2}{7}$

$y=\frac{2}{7}x+\frac{2}{7}-1$

$y=\frac{2}{7}x-\frac{5}{7}$

Part C) Find the equation of the altitude from N

we Know that

The altitude is perpendicular to LP and passes through point N

step 1

Find the slope of the segment LP

The formula to calculate the slope between two points is equal to

$m=\frac{y2-y1}{x2-x1}$

we have

L(-3, 6) and P(1, -8)

substitute the values

$m=\frac{-8-6}{1+3}$

$m=\frac{-14}{4}$

$m=-\frac{14}{4}$

$m=-\frac{7}{2}$

step 2

Find the slope of the perpendicular line to segment LP

Remember that

If two lines are perpendicular, then their slopes are opposite reciprocal (the product of their slopes is equal to -1)

$m_1*m_2=-1$

we have

$m_1=-\frac{7}{2}$

$m_2=\frac{2}{7}$

step 3

Find the equation of the line in point slope form

$y-y1=m(x-x1)$

we have

$m=\frac{2}{7}$

$point\ N(3,2)$

substitute

$y-2=\frac{2}{7}(x-3)$

step 4

Convert to slope intercept form

Isolate the variable y

$y-2=\frac{2}{7}x-\frac{6}{7}$

$y=\frac{2}{7}x-\frac{6}{7}+2$

$y=\frac{2}{7}x+\frac{8}{7}$

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3 years ago

Whats the rule for the pattern 8,6,9,7,10.....?

Delicious77 [7]

Answer:

subtract 2 and add 3

Step-by-step explanation:

8-2=6

6+3=9

9-2=7

7+3=10

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3 years ago