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The people now known as the Aboriginal people of Australia were the first to arrive, but not as long as 70000 years ago.
70000 years ago!
20% of 70000= 20% * 70000= 0.2 * 70000= 14000
21003% of 70000= 3% * 70000= 0.03 * 70000= 2100
2% of 70000 = 2% * 70000 = 0.02 * 70000 = 1400
70000
20 YEARS
18 years
18 years
10% of 70000 = 700010% of 70000= 10% * 70000= 0.10 * 70000= 7000
10500= 15%/100% * 70000= 15/100 * 70000= 0.15 * 70000= 10500
Future value (compounded) = P * (1 + i)^nThe caret symbol (^) means 'raise to the power of n'P is the present value (in this case $70000)n is the number of compounding periods (annual for 3 years, n=3)i is interest rate per period (12% = 0.12)FV = $70000 * (1 + 0.12)3 = $70000 * (1.404928) = $98344.96