A bank efficiency ratio is the ratio of a bank's expenses to its revenue. expressed as a percentage. If a bank has 222 million dollars in expenses and an efficiency ratio of 75% what is its revenue in millions of dollars? square

To find the bank's revenue, we need to use the given efficiency ratio and the bank's expenses.The efficiency ratio is defined as the ratio of a bank's expenses to its revenue, expressed as a percentage. In this case, the efficiency ratio is 75%, which means that the bank's expenses are 75% of its revenue.Let's denote the bank's revenue as (in millions of dollars). Then, the bank's expenses can be calculated as (since the expenses are 75% of the revenue).We are given that the bank's expenses are million dollars. So, we can set up the equation: To solve for , we can divide both sides of the equation by : Calculating this expression, we get: Therefore, the bank's revenue is million dollars.