Someone help?
Leroy opened a savings account 25 years ago with a deposit of $3,080.43. The account has an interest rate of 3.7% compounded monthly. How much interest has Leroy earned?

Question

Someone help? 
Leroy opened a savings account 25 years ago with a deposit of $3,080.43. The account has an interest rate of 3.7% compounded monthly. How much interest has Leroy earned?

ivettef365 · Answer

http://ncalculators.com/interest/compound-interest-calculator.htm

anonymous · Answer

M=3,080.43(1+(0.037)/(12))^(25*12)

anonymous · Answer

Hold on .. im going to solve it for you !

anonymous · Answer

ok cool!!

anonymous · Answer

I'm so bad with these problems

anonymous · Answer

M=7757.39 http://www.wolframalpha.com/input/?i=M%3D3%2C080.43%281%2B%280.037%29%2F%2812%29%29%5E%2825*12%29

ivettef365 · Answer

if you go to that website, enter info will give you answer

anonymous · Answer

I'm doing the same class too -.-

anonymous · Answer

@ivettef365 is right too ! just go to the site and plug em in but i prefer this one better http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

ivettef365 · Answer

which ever you fill more comfortable with, both will give you result

anonymous · Answer

It didnt give me the right answer

anonymous · Answer

@Brinley can you help?

amistre64 · Answer

$$B_o(1+\frac r{12})^{12*y}-B_o=interest~only$$

ivettef365 · Answer

what answer did you get ??

anonymous · Answer

Ok

amistre64 · Answer

abt 4677 is what i come up with

amistre64 · Answer

you can also consider this at $1

$$(1+\frac{.037}{12})^{12*25}-1=interest/$$$

anonymous · Answer

I have some more can you help me?

amistre64 · Answer

1.5183 * 3080.43 = abt 4677 :)

amistre64 · Answer

post them to the left, and im sure someone will bite