Coumpound interest is where the interest is reinvested and becomes part of the principle for the following year. For the simple case where you're only talking about one year this is irrelevent, so both simple and compound yeild the same results.
Try the calculations again over 2, 3, 4 etc...
My post would have been clearer if I had said 'One cant have it both ways'. I wasnt suggesting that the OP did, merely that extra hassle is an inevitable consequence of a tightening of the rules, which most folk seem in favour of.
Im sure at this very moment on www.overclockers.pk there is a thread entitled 'British Chavs', denouncing all brits as Burberry wearing lager drinking slackers.
And it would be just as misguided as this one.
Yup. As a percentage of fuel price, duty/tax has actually gone down.
On the other hand over the last 8 years crude has gone from 20 dollars to 140 per barrel.
So whats more likely to be behind the increase in the petrol price?