Mathematics
Mathematics, 14.05.2021 17:10, lananamr

A bank manager wants to encourage new customers to open accounts with principals of at least ​$3,000. He decides to make a poster advertising a simple interest rate of 4.8​%. 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 ​$3,000 and earn at least ​$10 interest in 1​ month!"?

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A bank manager wants to encourage new customers to open accounts with principals of at least ​$3,000...

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