asked 194k views
4 votes
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.

1 Answer

5 votes
9000/0.09=100000 ...................
answered
User Shanemgrey
by
8.8k points
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