Problem

(FV) In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian...

(FV) 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?

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