Question

Leo deposited $3,316.25 in an account that earned 2.5% interest compounded weekly for 13 years. After 13 years, how much had Leo earned in interest?

Express your answer rounded correctly to the nearest cent. Do not include units on your answer.

please help

Answer 1

interest=P(1+r/100)^n-P

interest=3316.25(1+2.5/5200)^676-3316.25

=1273.18 (nearest cent)