Final answer:
To enclose the property with a fence, you need to calculate the perimeter and multiply it by the cost per foot of the fence. The cost to enclose the property is $3240, which is more than the available $3000.
Step-by-step explanation:
To find the cost of enclosing the property with the fence, we need to calculate the perimeter of the property and then multiply it by the cost per foot of the fence. The length of the property on the scale drawing is 8 inches, which corresponds to 8 x 12 = 96 feet. Likewise, the width of the property on the scale drawing is 7 inches, which corresponds to 7 x 12 = 84 feet. So, the perimeter of the property is (96 + 84) x 2 = 360 feet.
Now, we can calculate the cost to enclose the property by multiplying the perimeter by the cost per foot of the fence: 360 feet x $9/foot = $3240.
Since we only have $3000, we do not have enough money to enclose the property with the fence.