If the NCUA pays $1.36 billion to cover several failed credit unions, and doing so drains its reserve fund by 5.18%, approximate
2 answers:
Answer:
26.25 billion
Step-by-step explanation:
The NCUA pays to cover several failed credit unions = $1.36 billion
That fund is approximately 5.18% of the reserve fund.
Let the amount of the fund was in the beginning = x
Therefore, 5.18% of x = 1.36 billion
= x = 1,360,000,000
0.0518x = 1,360,000,000
x =
x = 26,254,826,300 ≈ 26.25 billion
NCUA had approximately 26.25 billion in the fund to begin with.
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