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General => General discussion => Topic started by: bobbieboy69er on 24 July 2012, 17:35

Title: Anyone good with Maths?
Post by: bobbieboy69er on 24 July 2012, 17:35

right... scenario is, where i live we have an internet provider that charges the following fixed fee:

1 Month - £25.53

1 Year - £183.83

Now im guessing that most people pay monthly, so how much interest is everyone paying if they pay Monthly compared to paying Yearly (£122.53 difference)?

Also the forumla would help  :smiley:

Thanks in advance

Title: Re: Anyone good with Maths?
Post by: Dolly on 24 July 2012, 18:30

= 306.36 for 12 months @ £25.53 a month  :shocked:

makes good sense to go for a year if possible but then thats not the question, what you after the percentage?

Title: Re: Anyone good with Maths?
Post by: bobbieboy69er on 24 July 2012, 18:33

Because i wanna have a good rant at my boss with the facts as to how theyre rippin us off!!

Title: Re: Anyone good with Maths?
Post by: Dolly on 24 July 2012, 18:46

looks like a 39.99% increase, just did it on the monthly but should be the same over the year, been a few years since i had to use proper maths and not just add up and subtract  :laugh:

Title: Re: Anyone good with Maths?
Post by: jv on 26 July 2012, 18:31

306.36/183.83=1.67 aka 67% premium for paying monthly.

Bargain.

Title: Re: Anyone good with Maths?
Post by: Dolly on 26 July 2012, 18:43

my maths must be wrong if i got 39%  :laugh:

Title: Re: Anyone good with Maths?
Post by: dubber36 on 26 July 2012, 21:55

Yep, it's an increase of 66.65%

Title: Re: Anyone good with Maths?
Post by: Mr GTD on 26 July 2012, 22:59

1 month = £7.50

12 months = £136.23

Title: Re: Anyone good with Maths?
Post by: DubFan on 26 July 2012, 23:59

Quote from: bobbieboy69er on 24 July 2012, 17:35

1 Month - £25.53

1 Year - £183.83

Now im guessing that most people pay monthly, so how much interest is everyone paying if they pay Monthly compared to paying Yearly (£122.53 difference)?

Or look at it like this:
1yr is £183.83 / 12 = £15.32 per month.

So if you pay per month, then you're paying £10.21 more each month. Or £122.52 more per year.
Either way it looks like you pay more if you pay monthly.

If you paid the £183 on a credit card with 17% interest rate, the interest on that would be £31.25 per month. So as long as you paid it off in less than 4 months, you'd still be saving month.
(183/100 = 1.83 x 17 = £31.2511)

Is this for residential/consumer internet provision or business internet provision?
If you're talking about proper business connections, then you pay a higher rate for a better contention ratio (fewer people splitting the data bandwith), fixed IP address (for hosting domains and servers), better support and services level and so on.

Title: Re: Anyone good with Maths?
Post by: bunj on 27 July 2012, 14:48

Mines free with Orange..... :huh:

Title: Re: Anyone good with Maths?
Post by: bobbieboy69er on 27 July 2012, 18:04

Well in the accomdation i live in mon-fri for work, thats what they charge for 10mb unlimited broadband, personally i paid for the year as it obviously cheaper, however many people cant afford it so they pay monthly and the company (mediaforce) have their pants down. I wanted to put a case together to try and get us a better deal but need to work out the sums before i go shoutin about.

Cheers all

Title: Re: Anyone good with Maths?
Post by: J_V_Dub on 27 July 2012, 20:29

Quote from: DubFan on 26 July 2012, 23:59

Quote from: bobbieboy69er on 24 July 2012, 17:35

1 Month - £25.53

1 Year - £183.83

Now im guessing that most people pay monthly, so how much interest is everyone paying if they pay Monthly compared to paying Yearly (£122.53 difference)?

If you paid the £183 on a credit card with 17% interest rate, the interest on that would be £31.25 per month. So as long as you paid it off in less than 4 months, you'd still be saving month.
(183/100 = 1.83 x 17 = £31.2511)

Really, I mean really... :laugh: :huh: