Question

@calculusxy

Meredith has $630,000 she wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing her money between three banks will guarantee that all of her money is insured?

A. $200,000 in bank A, $200,000 in bank B, $230,000 in bank C
B. $200,000 in bank A, $170,000 in bank B, $260,000 in bank C
C. $160,000 in bank A, $180,000 in bank B, $290,000 in bank C
D. $160,000 in bank A, $200,000 in bank B, $270,000 in bank C

Answer 1

...a

Answer 2

FDIC insurance limit per depositor per bank is $250,000
As long as she keeps at most $250,000 in each bank all of her money will be insured!

In options B, C, and D, we see that she keeps MORE than $250,000 in bank C
This means that all her money in bank C is NOT insured (only the first $250,000)

So answer is obviously option A.

yahoo answers

Answer 3

anyone
\over 250 is bad