A circle with radius of \greenD{1\,\text{cm}}1cmstart color #1fab54, 1, start text, c, m, end text, end color #1fab54 sits inside a \blueD{11\,\text{cm} \times 12\,\text{cm}}11cm×12cmstart color #11accd, 11, start text, c, m, end text, times, 12, start text, c, m, end text, end color #11accd rectangle.
What is the area of the shaded region?
Round your final answer to the nearest hundredth.

Abank manager wants to encourage new customers to open accounts with principals of at least $2 comma 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 earn $10 the first month? can the poster correctly say, "open an account of $2 comma 500 and earn at least $10 interest in 1 month! "?