QuestionCool Down: Tyler's Savings Bond Tyler's mom purchased a savings bond for Tyler. The value of the savings bond increases by $4 \%$ each year. One year after it was purchased, the value of the savings bond was \$156.
Find the value of the bond when Tyler's mom purchased it. Explain your reasoning.

Studdy Solution
The value of the bond when Tyler's mom purchased it was $\$150$ .

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