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julia-pushkina [17]
3 years ago
7

If the FDIC has a $59.5 billion insurance fund and must use 5.6% of it to cover several failed banks, approximately how much mon

ey is left in the fund?
Mathematics
2 answers:
Brums [2.3K]3 years ago
5 0

Answer:

$56.17 billion

Step-by-step explanation:

FDIC has a $59.5 billion

They used 5.6% to cover several failed banks

5.6% of $59.5 billion

=5.6/100× $59.5 billion

=0.056×$59.5

=$3.332 billion.

The money left is $59.5 billion minus $3.332 billion.

$59.5-$3.332 billion

=$56.168 billion

Approximately $56.17 billion

Sonja [21]3 years ago
4 0
<span>The answer is a. $56.17 billion</span>
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I am a number greater than 40,000 and less than 60,000. My ones digit and tens digit are the same. My ten-thousands digit is 1 l
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I am a number greater than 40,000 and less than 60,000:

40,000 < n < 60,000

This means that:

n = 10,000n₁ + 1,000n₂ + 100n₃ + 11n₄

And also:

4 ≤ n₁ < 6

0 ≤ n₂ ≤ 9

0 ≤ n₃ ≤ 9

0 ≤ n₄ ≤ 9

My ten thousands digit is 1 less than 3 times the sum of my ones digit and tens digit:

n₁ = 3*2n₄ - 1

n₁ = 6n₄ - 1

This means that:

n = 10,000*(6n₄-1) + 1,000n₂ + 100n₃ + 11n₄

n = 60,000n₄ - 10,000 + 1,000n₂ + 100n₃ + 11n₄

n = 60,011n₄ - 10,000 + 1,000n₂ + 100n₃

<span>My thousands digit is half my hundreds digit, and the sum of those two digits is 9:

n</span>₂ = 1/2 * n₃
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n</span>₂ + n₃ = 9
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Therefore:

n</span>₂ = 9 - n₃
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Therefore:

9 - n</span>₃ = 1/2 * n₃
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9 = 1/2 * n</span>₃ + n₃
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9 = 1.5 * n</span>₃
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Therefore:

n</span>₃ = 6
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If n</span>₃=6, n₂=3.
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This means that:

</span>n = 60,011n₄ - 10,000 + 1,000*3 + 100*6

n = 60,011n₄ - 10,000 + 3,000 + 600

n = 60,011n₄ - 6,400

Therefore:

0<n₄<2, so n₄=1.

If n₄=1:

n = 60,011 - 6,400

n = 53,611

Answer:

53,611
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