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by Chris Burke
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662: If You're Still Interested...
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Mr. Michael Keegan, Math Teacher

Sigh. Even fictional teachers can make mistakes. In fact, it's these tragic flaws that make them more interesting, don't you think?

Anyway, the problem posed in the previous picture had an incorrect solution. Mike inadvertantly used phi instead of phi % when solving his imaginary interest inquiry.

The actual result was a loss of about 1% of 1% of your original principal, which is better than many mutual funds performed in the past year. However, you would have picked up only an imaginary nickel, rather than a few imaginary dollars.

Special thanks to "anonymous" for running the numbers. I don't have the budget for a staff of fact checkers around here. And, oddly enough, although I managed to get the correct solution out of wolframalpha after the mistake was first pointed out to me, it took about five tries to get the equation entered correctly when I wanted to write this entry. Too many divisions and parentheses!

Oh, and ....
I meant to do that.
Yeah, that's the ticket.


Please visit my blog: http://mrburkemath.blogspot.com.
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