Answer:
26.25 billion
Step-by-step explanation:
The NCUA pays to cover several failed credit unions = $1.36 billion
That fund is approximately 5.18% of the reserve fund.
Let the amount of the fund was in the beginning = x
Therefore, 5.18% of x = 1.36 billion
= [tex]\frac{5.18}{100}[/tex]x = 1,360,000,000
0.0518x = 1,360,000,000
x = [tex]\frac{1,360,000,000}{0.0518}[/tex]
x = 26,254,826,300 ≈ 26.25 billion
NCUA had approximately 26.25 billion in the fund to begin with.
