Question

If the FDIC has an insurance fund of $67.8 billion and must use 7.6% of it to cover several failed banks, approximately how much money is left in the fund?
a.
$5,153 million
b.
$57.49 billion
c.
$72.95 billion
d.
$62.65 billion

Answer 1

If the FDIC has an insurance fund of $67.8 billion and must use 7.6% of it to cover several failed banks, approximately how much money is left in the fund? Approximately $62.65 billion dollars is left in the fund. 

So solve:

Approx. money left in fund = ($67.8 billion)(0.076) = $5.15 billion

Approx. money left in fund = $67.8 billion - $5.15 billion 

Approx. money left in fund = $62.65 billion

Answer 2

The correct answer among all the other choices is d. $62.65 billion. This is approximately how much money left in the fund after deducting the 7.6% to cover several failed banks. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.