How much would this investment be worth today, 380 years later, using

History tells us
that a group of Dutch colonists purchased the island of Manhattan from the
Native American residents in 1626. Payment was made with wampum (likely glass beads and trinkets), which had an estimated
value of $24. Suppose the Dutch had invested this money back home in Europe and earned an average return of 5 percent per
year. How much would this investment be worth today, 380 years later, using:
A. Simple interest?
B. Compound
interest?
Topic: Simple and Compound Interest
Level of difficulty: Easy