If a bank charges 2.4 cents per $100, then you should count how many $100 will be in $4.8 million.
Since $4.8 million = $4,800,000, then
[tex]\dfrac{\$4,800,000}{\$100}=48,000[/tex] - the number of $100 in $4.8 million.
Now multiply 48,000 by 2.4 cents to get the amount of cents earned:
[tex]48.000\cdot 2.4=115,200[/tex] cents.
You know that 100 cents = $1, then 115,200 cents is $1,152.
Answer: correct choice is A
