Assuming that the 4.8% interest rate is an annual interest rate, then, after one year, with a principal of $3,000 we would be able to win 4.8% of $3000:

Divide 144 over 12 to find the monthly earnings:

Therefore, with a principal of $3,000 we would be earning $12 interest in 1 month.
For the earnings on the first month to be equal to $10, then you would have to win $120 annually, and $120 must be 4.8% of the principal. To find which quantity satisfies that 4.8% of it is equal to $120, divide 120 over 4.8%:

Therefore, the principal must be equal to $2500 for you to win $10 on the first month, and it would indeed be correct to say that if you open an account with $3000 you will earn at least $10 interest in 1 month.
Step-by-step explanation:
-1,6 is -1 left 6 up
1,-6 is 1 right -6 down
6,-1 is 6 right -1 down
Absolute Value
Absolute Value
means ...
... only how far a number is from zero:
<span>
<span><span>
</span>
<span>
<span>
"6" is 6 away from zero,
and "−6" is also 6 away from zero.
So the absolute value of 6 is 6,
and the absolute value of −6 is also 6 </span>
</span>
</span></span>
More Examples:
<span><span>The absolute value of −9 is 9</span><span>The absolute value of 3 is 3</span><span>The absolute value of 0 is 0</span><span>The absolute value of −156 is 156</span></span>
No Negatives!
So in practice "absolute value" means to remove any negative
sign in front of a number, and to think of all numbers as positive (or
zero).
Absolute Value Symbol
To show that we want the absolute value of something, we put
"|" marks either side (they are called "bars" and are found on the right
side of a keyboard), like these examples:
<span>
<span><span>
|−5| = 5
|7| = 7
</span>
</span></span>
Sometimes absolute value is also written as "abs()", so abs(−1) = 1 is the same as <span>|−1| = 1</span>
Line that never touch each other