So, in the nursery rhyme "Oranges and Lemons", the bells of St Martins said "You owe me five farthings". That was 5/960ths of a pound. If the debt wasn't paid, and assuming compound interest, what would the debt be worth now and should I send the boys round to collect?
Good questions to an ambiguous question. You need to set the parameters clearly so it can be calculated.
If we leave the EU you mean. Will you be campaigning for pounds, shillings and pence to take you back to the "good old days" when we ruled the world?
Well Sir, that is easy to answer, no I will not - keep off that face book pish is my advice it is written by Dukey
1744 was when the rhyme was first published. Interest rates in 1744 were 5% 1744 is 273 years ago Therefore if the original sum was 3/960ths of a pound, and was loaned at 5% compound it would be worth £1903.39 today Nerd or what?
That's a poor return. You're better off being a Democrat in the United States. Become a multimillionaire on politician's wages. Solid investment, that.
Not just Democrats Loz, you know that. Your impartiality slipped a tad there. Must have been an oversight.
