If the fdic charges bank e 2.4 cents per 100 dollars insured, how much must bank e pay to insure $4.8 million in deposits?
a. $1,152
b. $115,200
c. $2,112
d. $211,200

If a bank charges 2.4 cents per $100, then you should count how many $100 will be in $4.8 million.

Since $4.8 million = $4,800,000, then

- the number of $100 in $4.8 million.

Now multiply 48,000 by 2.4 cents to get the amount of cents earned:

cents.

You know that 100 cents = $1, then 115,200 cents is $1,152.

correct choice is A

Step-by-step explanation:

D is always the answer