A bank manager wants to encourage new customers to open accounts with principals of at least $3,500. He decides to make a poste

Question

3 years ago

12

A bank manager wants to encourage new customers to open accounts with principals of at least $3,500. He decides to make a poste

r 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 $3,500 and earn at least $10 interest in 1 month!"?

Mathematics

2 answers:

bonufazy [111] · Answer 1 · 2022-03-11T04:02:18+03:00

bonufazy [111]3 years ago

8 0

Answer:

simple interest = $10, rate = 4.8%, time = 1 month

amount = $3500, rate = 4.8% and time = 1

Step-by-step explanation:

Vesna [10] · Answer 2 · 2022-03-11T06:27:34+03:00

Vesna [10]3 years ago

3 0

Answer:

2500??

Step-by-step explanation:

A bank manager wants to encourage new customers to open accounts with principals of at least ​$3,500. He decides to make a poste

A bank manager wants to encourage new customers to open accounts with principals of at least $3,500. He decides to make a poste