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.
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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Section6.1: Exponential Functions
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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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