Leo deposited $2494.05 in an account that earned 2.5% interest compounded weekly for 13 years. After 13 years, how much had Leo

Question

3 years ago

8

earned in interest?

1 answer:

erastova [34] · Answer 1 · 2022-07-08T12:35:57+03:00

Answer: 3432.56

Step-by-step explanation: Everything is on the attached file, enjoy!!! If you have any further questions, just ask me, I'd be glad to help!

Alert: IDK if it is attached, so sorry if it isn't i'll try to explain it.

2490.05 is the initial value how much leo started with.

2.5% + 100% = 1.025

weekly =13weeks

multiply 1.025 by the sqrt of 13 since that's the amount of weeks.

that gets you 3432.56.