If you purchase an ipod that costs $339 how much will you pay for the iPod if the rate is 8.375%?
1 answer:
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Answer:
The correct option is A. Amelia will get $175,000.
Step-by-step explanation:
It is given that Amelia had $175,000 in a CD at Treasure Trove Bank, which just failed and FDIC insurance limit per depositor per bank is $250,000.
It means the FDIC insurance company will settle the loss till $250,000.
If the deposited amount of depositors is less than $250,000, then they will get their total deposited amount and if the deposited amount of depositors is greater than or equal to $250,000, then they will get only $250,000.
Since the deposited amount of Amelia is $175,000, which is less than $250,000, therefore she will get her total deposited amount.
Therefore correct option is A. Amelia will get $175,000.