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?

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Blackjack

Mathematics

10 March, 13:23

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?

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Maia Goodwin · Answer 1

If you're using 7.6 percent, then you're not using 92.4 percent (100-7.6)

To find 92.4 percent of 67.8 billion do:

67,800,000,000*.924 = 62,647,200,000