Mathematics, 11.09.2019 19:30 trammellb91

Solo savings bank received an initial deposit of $6000 it kept a percentage of this money in reserve based on the reserve rate and loaned out the rest the amount it loaned out was eventually all deposited back in the bank if the cycle continued indefinitely and eventually the $6000 turned into $2 what was the reserve rate?

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Solo savings bank received an initial deposit of $6000 it kept a percentage of this money in reserve...