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scottkate1991 scottkate1991
  • 12-02-2017
  • Mathematics
Answered

a bank receives a initial deposit of 9,000, kept a percentage of 9% and loaned out the rest. The loan was paid back. If this cycle continued indefinately, how much money eventually resulted from the initial deposit.

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 12-02-2017

9000/0.09=100000 ...................

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