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Thursday, October 9, 2008

The Gremlins Got My Money!

Today, M brought home from school a math problem to solve:

The chief clerk at Gremlins National Bank is worried. Each night he counts the money in the Big Red Box. On the first night there was $1500, and on the second night there was $1475. On the third night he found $1425, and on the fourth night he counted $1350. On the fifth night there was only $1250. If the money keeps disappearing in the same way, when will it all be gone?

Seriously, this sounds a lot like our IRAs in the past few days. Maybe those will vanish on the twelfth night, just like the money in the Gremlins National Bank's Big Red Box.

3 comments:

Lekhni said...

I heard a funny comment today (okay, not so funny) - at the rate the Dow is going, it's only twelve days to zero

Sujatha said...

Wasn't it a 680 point drop or so, with the Dow closing at 8600 or thereabouts? 12 days is right then, if the average drop every day is 680 points. What a coincidence that the number matches the solution to the Gremlins problem!

I ought to send a note to the teacher asking if she is psychic or something, but am afraid- what if she casts a spell to turn me into a newt or frog?

Lekhni said...

No fear, if she could really cast spells, she would be busy turning all the leaves and stones in her garden to gold, or greenbacks :)