When Lauren was born on January 1, 1990, her grandparents put $1000 in a savings account in her name. The account earned 7.5% annual interest. To the nearest dollar, how much money was in her account when she turns two?
A = original amount ( 1 + interest rate as a decimal ) ^(number of years of accrual)
A = 1000 ( 1+ .075)^2 = $1155.63