3. Donna Jo buys a motorcycle for $18,500. DJ gets a loan for 3 years with an interest rate of 4% per year. How much total interest will Donna Jo pay over the 3 years?

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! "?