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Mathematics, 28.05.2021 21:10 anannanekejdjd

Advertising A bank 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 eam $10 the first month? Can
the poster correctly say, "Open an account of $2,500 and earn at least $10 interest in 1 month!"?
Explain your answer (be careful he said 1 MONTH).

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Answers: 1

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