Question

Bank manager wants to encourage new customers to open accounts with principals of at least ​$3000. 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 ​$3000 and earn at least ​$10 interest in 1​ month!"?

(PLEASE HELP ITS DUE IN AN HOUR)

Answer 1

Answer: 144

Step-by-step explanation: 144 is exactly 4.8 percent of 3000 the poster can not because the answer is not 10 its 144