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1. In 1880, five aboriginal trackers were each promised the equivalent of $100 Australian dollars for helping to capture the notorious outlaw Ned Kelly. In

1. In 1880, five aboriginal trackers were each promised the equivalent of $100 Australian dollars for helping to capture the notorious outlaw Ned Kelly. In 1993, the grand-daughters of two of the trackers claimed that this reward had not been paid. The Victorian prime minister stated that if this was true, the government would be happy to pay the $100. However, the granddaughters also claimed that they were entitled to compound interest. How much was each entitled to if the interest rate was 5 percent? What if it was 10 percent?

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