Interest in $100 since1962

Question

How much would $100 earn in savings account since 1862?

Answer 1

Simple compounded interest on $100 left to grow for t years at rate r% per year accumulates to 100(1+r/100)^t.

 

You decide whether the t value began at 1862 or 1962 for the purpose of determining what value of t shall be used.

You also have to know the interest rate, r%.