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📅 March 9, 2026 👤 scraface

Mar 09, 2026

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📌 A historian of science discovers a set of 18th-century financial records indicating that a scientist received payments for 12 experiments at $500 each and 8 lectures at $300 each. If inflation was equivalent to 15% per year, what would these payments be worth in today’s dollars using a compound interest formula adjusted for historical inflation, assuming 2.5% inflation annually over 300 years?

📌 Total payments = (12 × 500) + (8 × 300) = 6000 + 2400 = <<6000+2400=8400>>8400

📌 Use compound inflation formula: A = P(1 + r)^t

📌 A = 8400 × (1 + 0.025)^300

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