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2006-07-12 09:45:15 · 10 answers · asked by Anonymous in Science & Mathematics Mathematics

10 answers

If you mean 1083 or 1803, either way it's too long ago to be very meaningful. Technology shifts the relative importance of various things around, so that inflationary/consumer price index type comparisons only work over relatively short time frames (50-100 years max), and even then you have issues that complicate it. For example, a computer worth $3000 today is worth much more than a computer worth $3000 in 1990, yet we would have to say that computer would be like $7000 today.

Nevertheless, let's try...
A ballpark-type figure is that the value of a currency drops by half every 25 years. There have been times throughout history where this figure is nonsense, but we have to use something.

Therefore, since 1803, we've had roughly 8 doublings, meaning that your 3000 pounds is 768,000 pounds today.

Your 1083 3000 pounds would be 412 Trillion pounds by the same reckoning, but that number is complete garbage because that is so long ago. Although they had money, much of the economy did not run on money, so the monetary values were probably somewhat stagnant for much of that time.

2006-07-12 17:48:54 · answer #1 · answered by Steve W 3 · 0 0

There were no pounds (currency) in 1083. It was only 16 years after the norman conquest so presumably the monetary system was whatever was used in northern france. I suspect that most villages did not bother with money.

2006-07-14 15:01:39 · answer #2 · answered by m.paley 3 · 0 0

Such a long time ago they didn't use paper money, so it becomes very difficult to compair prices from 1083 with 2006 prices.

2006-07-12 16:53:50 · answer #3 · answered by neerdowel 3 · 0 0

At least 30 M.

2006-07-12 16:53:01 · answer #4 · answered by emeraldisle2222 5 · 0 0

Inflation adjusted or compound intrest

2006-07-14 10:44:33 · answer #5 · answered by mkaamsel 4 · 0 0

You mean in 1803 ??

2006-07-12 16:48:33 · answer #6 · answered by fmtjatt 3 · 0 0

at what rate of interest

i think we need additional details

2006-07-15 03:10:52 · answer #7 · answered by motown 5 · 0 0

2006-07-12 16:49:50 · answer #8 · answered by karen 3 · 0 0

A lot more....

2006-07-12 16:50:18 · answer #9 · answered by Bob The Builder 5 · 0 0

more?

2006-07-12 16:49:07 · answer #10 · answered by jaybirdladybug 2 · 0 0

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