In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian dollars for helping to capture the notorious outlaw Ned Kelley….

19. In 1880 five aboriginal trackers were each promised the equivalent of 100 Australiandollars for helping to capture the notorious outlaw Ned Kelley. In 1993 the granddaughtersof two of the trackers claimed that this reward had not been paid. The primeminister of Victoria stated that, if this was true, the government would be happy to paythe $100. However, the granddaughters also claimed that they were entitled to compoundinterest. How much was each entitled to if the interest rate was 5 percent? Whatif it was 10 percent?

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