Prealgebra (7th Edition)

Published by Pearson
ISBN 10: 0321955048
ISBN 13: 978-0-32195-504-3

Chapter 7 - Review: 59

Answer

160 dollars

Work Step by Step

I=PRT principal=4000 dollars , R=12 %=0.12 T=4 months=$\frac{4}{12}$years=$\frac{1}{3}$ year I=4000$\times$0.12 $\times$ $\frac{1}{3}$=4000$\times$0.04= =160 dollars
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