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need further explanation on how the answer is 10.64% thank you n 18 t nts out Table 5 Reserve Requirement Deposts 1 W $95 461

need further explanation on how the answer is 10.64% thank you image text in transcribed
n 18 t nts out Table 5 Reserve Requirement Deposts 1 W $95 461 2 1096 3 12% $190,922 1596 $340 922 What is the number that should be put in W? Total Reserves Excess Reserves $11, 159 $1,000 $20,000 $6,086 Y $9,129 $68 184 Z Select one: a. 11.69% b. 8.96% X c. 60.64% d. 10.64% Your answer is incorrect. The correct answer is: 10.64%

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