Answer:
The amount which Leo earned weekly is $10747.616
Step-by-step explanation:
Given as :
Principal deposited in account = $7,770.11
The compounded weekly rate of interest = 2.5%
The time period of loan = 13 years
Let the amount Leo earned = A
From compounded method
Amount = Principal ×
Or, Amount = $7,770.11 ×
Or, Amount = $7,770.11 ×
Or, Amount = $7,770.11 × 1.3832
∴ Amount = $10747.616
Hence The amount which Leo earned weekly is $10747.616 Answer