If the ncua charges 3.3 cents per 100 dollars insured and credit union m pays $5,995 in ncua insurance premiums, approximately how much is in credit union m’s insured deposits? a. $15.5 million b. $1.9 million c. $19.8 million d. $18.2 million

Option 'D' is correct.

Step-by-step explanation:

Let the M's insured deposits in Credit Unit be 'x'.

Rate of NCUA charges = 3.3 cents per 100 dollars.

Amount M pays in NCUA insurance premiums = $5995.

So, we need to find the value of 'x'.

According to question, it becomes ,

Hence, option 'D' is correct.

-4

step-by-step explanation:

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