Question 7
Recently, Tom found he was a distant relative of General
James Wolfe who died at the battle on the Plains of
Abraham in 1759. When he died in 1759 he left $600 in his
will which now belongs to Tom. The money has been in a
savings account where it has been earning interest at 4% per
year, compounded annually. How much will Tom have in
the year 2000?
$7065 116.75
$7947 295.49
$6 128 589.15
$7 641 630.28