Friday, October 10, 2014

If the interest rate over this period averaged about 4.5%, how much would the A$100 have accumulated...

In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian dollars for helping to capture the notorious outlaw Ned Kelly. One hundred and thirteen years later the granddaughters of two of the trackers claimed that this reward had not been paid. If the interest rate over this period averaged about 4.5%, how much would the A$100 have accumulated to?

No comments:

Post a Comment