The first deposit Bank received was $15,300. If the reserve rate at the time was 3.5% Amount to keep on reserve was $535.50
Amount it was free to loan out $14,764.50

The second deposit that Bank received was $12,700. If Bank was required to keep $571.50 on reserve, what was the reserve rate at the time? How much was it free to loan out?

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correct choice is b

step-by-step explanation:

when you calculate the average rate of change of a function, you are finding the slope of the secant line between the two points. for the function the average rate of change from point to point can be calculated as

to find the average rate of change from day 2 to day 10, note that at day 2, 8 houses were sold, so a(2,8) and at day 10, 2 houses were sold, so b(10,2). thus,