How much will a U.S. Treasury bill (T-bill) be worth after 4 months if it was bought for $4,000 and earns 3.7% simple interest?  Round your answer to two decimal places if rounding is necessary.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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How much will a U.S. Treasury bill (T-bill) be worth after 4 months if it was bought for $4,000 and earns 3.7% simple interest?  Round your answer to two decimal places if rounding is necessary. 

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