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 (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CT: Chapter Test
Problem 4CT: Over the past year, John has purchased 30 books. a In how many ways can he pick four of these books...
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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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