When Brad was born, his Grandma put $1,500 in a new account for him. Since then, the balance of the account has grown by 6.5% each year with no other deposits or withdrawals. Now Brad is 18 and can withdraw the money. If he decides to wait until his 21st birthday, how much more money will be in the account?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1)
BANK
When Brad was born, his Grandma
put $1,500 in a new account for
him. Since then, the balance of
the account has grown by 6.5% each
year with no other deposits or
withdrawals. Now Bradis 18 and can
withdraw the money. If he decides to
wait until his 21st birthday, how much
more money will be in the account?
A) $860.28
B) $892.51
merry-go-round
boat dock
C) $925.77
trampoline
D) $969.04
parade float
E) $992.36
stage
Gna Wkon (AI Thing Algebra". LLC), 2018
a
O b
Ос
e
Transcribed Image Text:1) BANK When Brad was born, his Grandma put $1,500 in a new account for him. Since then, the balance of the account has grown by 6.5% each year with no other deposits or withdrawals. Now Bradis 18 and can withdraw the money. If he decides to wait until his 21st birthday, how much more money will be in the account? A) $860.28 B) $892.51 merry-go-round boat dock C) $925.77 trampoline D) $969.04 parade float E) $992.36 stage Gna Wkon (AI Thing Algebra". LLC), 2018 a O b Ос e
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