After reading the new account insert in his monthly​ statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank​ & Trust, one joint account with a balance of ​$54 comma 158 and two individual accountsminus his has a ​$140 comma 022 balance and hers has a ​$253 comma 255 balance. What amount of FDIC coverage do Tony and Cynthia have on their​ accounts?

Tony $140,022 account balance fully covered

Cynthia account balance exceeded the insurance limit by $3,255

Explanation:

Based on the information given Tony account balance of the amount of $140,022 is fully covered since it is their joint account of the amount of $54,158 which means that the amount of FDIC coverage which full meaning FEDERAL DEPOSIT INSURANCE CORPORATION that Tony have on their account balance will be the amount of $140,022 since the joint accounts are under the $250,000 FEDERAL DEPOSIT INSURANCE CORPORATION (FDCI) limit while Cynthia account balance on the other hand exceeded insurance limit by the amount of $3,255 calculated as ($253,255-$250,000) which means that their money would be covered only when Cynthia transfer some of the money into their joint account.

there are so many examples for that in different areas, like biology experiment carried out in our lab recently.

here's one link :

a

explanation: