Question

A bank manager wants to encourage new customers to open accounts with principals of at least ​$. He decides to make a poster advertising a simple interest rate of ​%. What must the principal be if the bank manager also wants to advertise that one can earn ​$ the first​ month? Can the poster correctly​ say, "Open an account of ​$ and earn at least ​$ interest in 1​ month!"?

Answer 1

The answer is yes.

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