Tyler's grandma purchased a savings bond for him when he was born. The bond was bought for $500.00. The value of the savings bon
d increases by 5% a year. Tyler's grandma wants Tyler to use it for college, so he is not allowed to touch it until he is 18. How much money will Tyler have when he is 18
5% of 500 dollars is 25 dollars, so since 5% is 25 dollars, multiply that by how many years he can have it (18). So 18 * 25 = 450. 450 added to the starting 500 dollars is 950 dollars. Your welcome, I'm new so glad I could help.
