Carl placed $900 in a brokerage account that has been increasing its value by 16% per year. At the same time, Brad began placing $900 under a mattress at the beginning of each year. Who had more money after 22 years, and by how much? a. Brad, by about $1600 b. Carl, by about $1600 c. Carl, by about $3800 d. Brad, by about $3800

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
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Carl placed $900 in a brokerage account that has been increasing its value by
16% per year. At the same time, Brad began placing $900 under a mattress at
the beginning of each year. Who had more money after 22 years, and by how
much?
a. Brad, by about $1600
b. Carl, by about $1600
c. Carl, by about $3800
d. Brad, by about $3800
Transcribed Image Text:Carl placed $900 in a brokerage account that has been increasing its value by 16% per year. At the same time, Brad began placing $900 under a mattress at the beginning of each year. Who had more money after 22 years, and by how much? a. Brad, by about $1600 b. Carl, by about $1600 c. Carl, by about $3800 d. Brad, by about $3800
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