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Puzzle - Answer

I once cashed a cheque at the bank. I had spent £1.08 before I realised the bank clerk had made a mistake. He had transposed the pounds with the pence. I now had exactly 4 times the value of the original cheque. What was the original cheque's value?

 [Ref: ZZVI] © Kevin Stone

Answer: £12.51. Clue: think in terms of pence.

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