Mr. Jones has 550 goats, which is 10% more than Mr. King has. How many more goats does Mr. Jones have than Mr. King?

Abank manager wants to encourage new customers to open accounts with principals of at least $2,500. he decides to make a poster advertising a simple interest rate of 3%. what must the principal be if the bank manager also wants to advertise that one can earn $10 the first month? can the poster correctly say, "open an account of $2 comma 500 and earn at least $10 interest in 1 month! "?