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Checking accounts at trustco bank carry

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a) Checking Accounts at Trustco Bank carry an average balance of $3000. The bank turns over its balances six times a year. On average, how many dollars flow through the bank each month?

b) A bank finds that the average number of people waiting in line during the lunch hour is 10. On average, during this period 2 people per minute leave the bank after receiving service. On average, how long do bank customers wait in line?

Reference no: EM132216004

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