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Average inflation ever year is about 3.5% so using the geometric series formula:
U = a*r^(n-1)
a = £1,000,000 (Initial amount)
r = 1.035 (Inflation of 3.5%)
n = 98 (Number of years that have passed)
U = new amount
1,000,000 x 1.035^97 = £28,132,862.91
So £1 million in 1914 would be worth about £28 million in 2012
What else can I help you with?
How much did the Spitfire cost in world war 2?
Approximately 12,000 pounds each. This would be equivalent to about a million pounds each today.
How many Jewish people would there be in the world today if it wasn't for Hitler?
Answer: Today it is estimated that there would be approximately 22-24 Million Jews if the Holocaust never happened. Instead there are about 14 million today. Answer: I don't think it's possible to answer this question, as one would need to make lots of assumptions about birth-rates.
How much would a World War 2 Ration Coupon Booklet be worth today?
$3000
How much does a destroyer weigh?
The destroyers used by the United States Navy can weigh anywhere from 8,000 tons to over 9,000 tons depending on what type of weaponry they have. A ton is 2,000 pounds so 8,000 tons would be 16 million pounds.
How much would Roger Maris' 61st home run ball be worth?
SAL DURANTE WAS GIVEN $5,000 FOR TIS BALL THAT HE CAUGHT ON OCTOBER 1,1961.MY BELIEF IS THAT IS WORTH AT LEAST $50-60,000 TODAY.
How much would British pounds 20 million in 1833 be worth today?
20 million pounds in 1833 would be worth aproximately 1.25billion pounds today (2014)
What would one million pounds in 1887 be worth today?
It would be around 94 million pounds
How much would 200 pounds in 1965 be worth today?
about 1.5 Million dollars today
How much is would 1 pound in 1564 be worth today?
one million pounds
How much would 20 pounds in be worth today?
it would be worth 80 pounds. I think it would be worth 250 pounds today.
How much would 7 million pounds in 1910 be worth today?
You'd be looking at nearly a billion pounds. I know that between the world wars the pound then is equivalent to 85 today.
How much would a million dollars be back in the 1800s?
$ 1 million of today's dollars would be worth $52,944 in 1800. 1 million in 1800 would be worth 18.87 million today.
What would 102 Million be worth today?
102 million.
How much would 1 million dollars in 1890 be worth today?
Not sure but probably around 10 million dollars today
What would be todays equivalent value of 60000 UK pounds in 1300?
the retail prices index only records back to 1750, but then 60 000 pounds would be worth in the region of 10 million today, so would in my estimation considerably more than 10 million pounds, maybe as high as 20 million pounds.
How much was 10000 pounds in 1800 worth today?
A yearly income of 10,000 pounds in the 1800's would be equal in 2009 average yearly earnings value to £9.27 million pounds a year, or $14 million USD. An incredible fortune even by today's standards.
What would 11000 pounds in 1889 be worth today?
50000 pounds
