Question 2 • POP Financial Math 26/27
The charge is 6.1 cents, or $0.061, for each $100 insured. There are $7,300,000 ÷ $100 = 73,000 groups of $100, so the total cost is 73,000 × $0.061 = $4,453. Bank D must pay $4,453, which is choice c.
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