Problem 4. (8 points)

Irina Mikhailovna opened a foreign currency deposit in the "Western" Bank for an amount of $23,904 for a term of 1 year. The interest rate on the deposit was 5% per annum. Exactly 3 months later, the Bank of Russia revoked the license of the "Western" Bank. The official exchange rate on the date of the license revocation was 58 rubles and 15 kopecks per 1 dollar. All deposits of customers in the "Western" Bank were insured. What amount of the deposit should be returned to Irina Mikhailovna, taking into account the period during which the money was stored in the account?

a. 1,390,017 rubles and 60 kopecks;

b. 1,400,000 rubles;

c. 1,407,393 rubles;

d. $24,075.67.
Answer: $b$.

## Comment:

23904 USD $\times 58.15$ RUB $\times(1+5\% / 4)=1407393$ RUB. Since the Deposit Insurance Agency compensates deposits up to 1400000 RUB, this amount will be paid to Irina Mikhailovna.