answersLogoWhite

0

Average inflation ever year is about 3.5% so using the geometric series formula:

U = a*r^(n-1)

a = £1 (Initial amount)

r = 1.035 (Inflation of 3.5%)

n = 62 (Number of years that have passed)

U = new amount

1 x 1.035^61 = £8.15

So £1 in 1950 would be worth about £8 in 2012

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is the currency conversion rate between 1950 and today?

$100 in 1950 would be worth $1000 today


What would a pound sterling in 1950 be worth today?

One Pound GBP in 1950 had the purchasing power of about £22.90 GBP today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program. The resulting answer should only be regarded as an approximation based on current exchange rates.


What would 50 in 1960 be worth today?

£50.00 in 1950 is approximately equivalent to £1595.00 today


What is the value now of a pound in 1950?

One Pound GBP in 1950 had the purchasing power of about £23 GBP today.


What would 50 pounds in 1960 be worth today?

£50.00 in 1950 is approximately equivalent to £1595.00 today


How much would a 1000 donation in 1950 be worth today?

It would depend on the currency were using


What would 1 million dollars in 1950 be worth today?

It would be worth around 9 million dollars based on inflation.


How much is 1 pound in 1950 worth today?

To determine the value of 1 pound in 1950 in today's terms, it's necessary to consider inflation rates over the decades. As of 2023, 1 pound from 1950 is approximately equivalent to around 35-40 pounds today, depending on the specific inflation measure used. This reflects the overall increase in prices and cost of living over the past 70 years. For precise calculations, using an inflation calculator or historical CPI data can provide a more accurate figure.


How much in us dollars was the british pound worth in 1950?

In 1950, the British pound was worth approximately $2.80 in U.S. dollars. This value fluctuated over the years due to various economic factors, including inflation and changes in the global economy. The exchange rate was significantly different from today's values, reflecting the post-World War II economic landscape.


Is a dime from 1950 worth more today?

It's worth more for the silver (about $2.00) than the buying power in 1950.


How much would 1 in 1950 be today?

1:1950


How much would 2 shillings from 1950 be worth today?

Unfortunately it is scrap or sentimental value only. Pre 1948 they were high in silver content and worth smelting but not in the 1950's and there are a lot of them around. See eBay for examples.