Wiki tells me that 1 guinea is 21 shillings which equals £1.05 in decimalised currency.
http://en.wikipedia.org/wiki/Guinea_(British_coin)#Replacement_by_the_pound
2007-08-06 02:05:56 · 6 answers · asked by Part Time Cynic 7 in Science & Mathematics ➔ Mathematics
To calculate using pre decimal ( shows my age !!!)
it is
£960 + 960 shillings
at 20 shillings to the £ that means £960 + £48 a total of £1008
2007-08-06 02:16:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A guinea in pre-decimal currency was one pound and one shilling. Therefore, 960 guineas is 960 pounds and 960 shillings. As there were 20 shillings to the pound, this is equivalent to 960 + 960/20 pounds = 960 + 48 = 1008 pounds.
2007-08-06 02:21:01 · answer #2 · answered by AndrewG 7 · 0⤊ 0⤋
Indeed correct; one pound and one old shilling (thus £1.05 in the present form of currency).
Since 960*1.05 = 1008, the conversion leaves £1008 exactly.
2007-08-06 05:07:24 · answer #3 · answered by general_ego 3 · 0⤊ 0⤋
Quite correct,
so your calculation should be 960*1.05=£1008
2007-08-06 02:13:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
£960 - £4.80 = £955.20
Edit: All these dudes have it wrong. You have to subtract the 5p from each guinea. EDIT: WHOOPS SORRY. I'VE GOT IT WRONG!!
2007-08-06 07:16:24 · answer #5 · answered by Stella S 5 · 0⤊ 0⤋
1Guinea=252pence x 960gs.=241920pence div 240pence=£1008.00.p
240pence = £1.pre decimal.
2007-08-06 03:16:03 · answer #6 · answered by Goldy 7 · 0⤊ 0⤋