Question

Your great-great-great-grandfather lost $51 playing poker at a fur-trading post in Wyoming 160 years ago. If he had not lost the money playing poker and instead he had deposited the $51 in a savings account earning 5% interest compounded annually, how much would be in the account today?

Answer 1

We use the formula:  
A=P(1+r/100)^n
where   
A=future value
P=present value  
r=rate of interest
n=time period.

A=51*(1.05)^160

=51*2456.33644

=$125273.16(Approx)