C. In 1790 Benjamin Franklin left the equivalent of $4,600 (actually 1,000 British pounds)

each to the cities of Philadelphia and Boston. He stipulated that the money be invested

and that the principal not be touched for 100 years.

1. If the money had been invested at 4%, compounded yearly, how much would each city have had in 1890?

_____________________

2. How much if it had been invested at 5%, compounded yearly? __________________