How to work out interest rate return?

Anthorn

eskbanker wrote: »

Could have fooled me, that seems to be your raison d'etre on here....

My point flew over your head: You're the dead horse. Perhaps I should have said "banging my head against a brick wall"

I provide evidence which supports my argument and your post also supports what I say and yet you still disagree and continue to post your unsupported drivel.

As I said, bye-bye

msallen

YorkshireBoy wrote: »

I've hovered over the button many times, but this is the reason I haven't yet pressed it.

No need to hesitate. I can confirm that its still quite entertaining only seeing the replies (and occasional quote). You can even have a little fun guessing what he wrote if you wish (although I gave that up a long time ago).

eskbanker

Anthorn wrote: »

My point flew over your head

I suspect that this is true but not for the reason you think!

Anthorn wrote: »

I provide evidence which supports my argument and your post also supports what I say and yet you still disagree and continue to post your unsupported drivel.

Perhaps it's worth winding back to the beginning, where I explained how and why AER and gross were different. You initially agreed and then decided to digress into some unrelated wittering about tax, which you seem to believe is relevant. I've humoured you by continuing to explain how interest works but you cling on to selectively quoting from a page from a bank's website in the mistaken belief that this somehow supports whatever you're trying to say.

Anthorn wrote: »

As I said, bye-bye

Trouble is, you keep saying it but clearly don't mean it, so your words are unsupported by the facts. Can you see a pattern here?

dllive

So to clarify, if I have £100 in a bank account that is paying interest of 5%, after 1 year I get £5 - right? ;p

RG2015

dllive wrote: »

So to clarify, if I have £100 in a bank account that is paying interest of 5%, after 1 year I get £5 - right? ;p

Bet you never thought your innocent question would unleash the dogs of war in so dramatic a fashion.

And the answer to your question is yes, you would get £5.00.

dllive

RG2015 wrote: »

Bet you never thought your innocent question would unleash the dogs of war in so dramatic a fashion.

And the answer to your question is yes, you would get £5.00.

Haha - its gone viral!

eskbanker

dllive wrote: »

This is going to be a stupidly easy question to answer

Little did most of us realise that for some it would be an easy question to answer stupidly!

agrinnall

Anthorn wrote: »

As I said, bye-bye

You know the story of the boy who cried wolf?