If the reserve rate is 4% and a bank receives a deposit of 12,000, how much of the 12,000 is the bank free to loan out

As given,

The reserve rate of the bank is 4% which means the bank will loan out 96% freely.

The bank receives a deposit amount of = $12000

So, we will find 96% of this amount, that will be free to loan. so 96% of 12000 is =

= 11520

Hence, the bank is free to loan out $11,520.

savings account is an account only used for saving money. this acts as an emergency source of funding for an individual. answer a would result in the money in his account to grow as it specifically states that interest is compounded daily at the rate of 2%

step-by-step explanation:

replace   with   27   and simplify.

10 , 27 , 10 , 70 , 10 , 35 , 10 , 48

step-by-step explanation: