How Much Would £2 10S Kept Untouched In A Post Office Account Since 1955 Be Worth With Interest Today?

[barney15c]

I dont know what an average interest rate over 59 years would be , any way of working it out very roughly.

[Graham-W]

If interest rates were 3% for the full 59 years it would be £14.30.
If interest rates were 5% for the full 59 years it would be £44.47.
If interest rates were 7% for the full 59 years it would be £135.39

[rockyracoon]

I put £2.50 in this calculator as it doesn't do 'old' money (would £2.50 be about right?) Anyways it says £55.56

http://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

[Graham-W]

Current value = past value ( 1+ i )^period

Current Value= £2.50(1+ 0.05)^59 = £44.47
(5%) (power of 59)

[barney15c]

Thank you gentlemen...an aquaintance had a post office book recently discovered so she will be pleased!!!