209k views
5 votes
arlos has $690,000 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 three banks will guarantee that all of his money is insured?

User Dhulihan
by
8.5k points

1 Answer

3 votes

divide 690,000 by 3

690000/3 = 230,000 so he can put 230000 in each bank since that is less than the 250000 they insure

User Saeid Asadi
by
7.9k points