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Hopeless at maths! Can you help?

:confused: I have just had a one year fixed rate deal with Anglo Irish mature (phew!) but am disappointed with the interest amount. It was for £15,000 at 6.75%. I was expecting £1,012.50 but only received £807.78? Can I appeal to those with a better maths head than me to explain? Thanks!

Comments

  • KingL
    KingL Posts: 1,713 Forumite
    They have deducted income tax at 20%
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    20% tax on your interest?
  • cheerfulcat
    cheerfulcat Posts: 3,412 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    20% savings tax taken off...
  • :T Thank you so much for your prompt assistance and I am appropriately embarrassed not to have realised this. (I am typing this under my desk right now!)
  • Thank you for telling us about the unusual location of your typewriter.
    ...............................I have put my clock back....... Kcolc ym
  • fimonkey
    fimonkey Posts: 1,238 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Type-writer? .. guess which generation Robert Sterling belongs to ;)
  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    Thank you for telling us about the unusual location of your typewriter.

    Bwahahahahaaaaaaaaaaa that's the funniest damn thing i've seen all week.
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
  • cloud_dog
    cloud_dog Posts: 6,365 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Wots a 't-y-p-e-w-r-i-t-e-r'? :confused:
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
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