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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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