1. **State the problem:** We need to find the amount of interest paid for Month 4 based on the amortization table provided. 2. **Understand the amortization table:** The table shows the current balance, monthly payment, and balance paid for each month. Interest is typically calculated on the current balance before payment. 3. **Recall the formula for interest paid:** $$\text{Interest Paid} = \text{Current Balance} \times \text{Interest Rate}$$ 4. **Identify the interest rate:** From Month 2, the monthly payment is $2,000 \times 0.03 = 60$, so the interest rate is 3% or 0.03 monthly. 5. **Calculate the interest for Month 4:** - The current balance at the end of Month 3 is $1,920.60$. - Interest for Month 4 is calculated on this balance: $$\text{Interest}_{4} = 1,920.60 \times 0.03 = 57.618$$ 6. **Round to the nearest hundredth:** $$57.618 \approx 57.62$$ 7. **Verify with the table:** The monthly payment for Month 4 is $57.62$, which matches the interest calculated, confirming the interest paid for Month 4 is $57.62$. **Final answer:** The interest paid for Month 4 is **57.62**.