Question

Angelo has $700,000 he wants to save. If the FDIC insurance limit per depositor, per bank is $250,000, which of these ways of distributing his money between 3 banks will guarantee that all of his money is insured?

A. $225,000 in bank A, $260,000 in bank B, $215,000 in bank C
B. $205,000 in bank A, $220,000 in bank B, $275,000 in bank C
C. $225,000 in bank A, $240,000 in bank B, $235,000 in bank C
D. $205,000 in bank A, $240,000 in bank B, $255,000 in bank C

Answer 1

Which of these choices has all three amounts under 250,000 and adds up to 700,000?

Answer 2

C

Answer 3

im not sure but think is b

Answer 4

why is it c?

Answer 5

In C, each amount stays under 250,000, and it adds up to 700,000, so all of his money can be insured.

Answer 6

so is c then or not

Answer 7

obviously.....why are u confused

Answer 8

just see what the qus is saying that every amount should be less than 250000

Answer 9

are u agree pikachu?

Answer 10

and the sum of all should be..... 700,000

Answer 11

Definitely C.

Answer 12

alright guys thank u so much :).

Answer 13

welcome

Answer 14

:P help in this one too Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much simple interest did he earn?

A. $430
B. $516
C. $5160
D. $4300

Answer 15

5/100 *12*8600