Mathematics, 24.06.2019 01:00 jaleelbrown80
Abank recieved an initial of $15,000, kept a percentage of this money in reserve based on a reserve rate of %3, amd loaned out the rest. the amount it loaned out eventually was all deposited back into the bank. if this cycle continued indefinitely, how much money would eventually resulted from the initial deposit?
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Abank recieved an initial of $15,000, kept a percentage of this money in reserve based on a reserve...
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