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Farm Management Wallaces Farmer www.FarmProgress.com ● February 2015 55 Tricks help solve math mistakes O LD-TIMERS used some simple mathematical relationships to help balance their accounts that we technology-dependent youngsters may have forgotten. We’ll illustrate a couple. Key Points On the Money By JOHN OTTE Find transpositions You’re attempting to balance your checkbook. You’ve clicked off all the entries in your register against the bank statement. The balance in your register fails to match ■ If the discrepancy divided by 9 gives a round number, look for a transposition. ■ Dividing difference by 2 and looking for that number can detect changed signs. ■ Keeping a rough tab on auction spending can keep you within budget. the balance on the bank statement. Calculate the difference between your bank statement and your check register. Divide that difference by 9. If that calculation generates an exact number, that is no digits beyond the decimal point, go back to your check register and look for a transposition in your register. For example, your bank statement shows checks of 452 + 687 + 387 + 415, which total 1,941. Your register shows a total of 2,121. The difference is 180, which divided by 9 gives an even 20. Looking through your register, you find you converted the 687 to 867. You changed signs Suppose the difference is not evenly divisible by 9. Divide the difference by 2. Go through your register. If you find that number, check the sign. Again suppose your bank statement totals those four numbers to 1,941. Your tally shows 567. The difference is 1,374, which divided by 2, gives 687. You fat-fingered your calculator keyboard and subtracted the 687 rather than adding it. Suppose you’ve advanced beyond the antiquated calculator and you’re using Excel. You can still fat-finger the keyboard and end up with a discrepancy. Of course, neither one of those tricks will help you if you’ve made more than one error. Alternate to carrying An acquaintance is good at running numbers in his head. How? Suppose you’re in the hardware store to buy an airless paint sprayer, $727, plus 5 gallons of paint, $385. Traditionally, you’d figure 7 plus 5 is 12, write down the 2, carry the 1; then 2 plus 8 is 10, plus the 1 you carried is 11, carry the 1; and then 7 plus 3 is 10 again, plus the 1 you carried, is $1,112. My acquaintance says $385 is $15 short of $400. Then $400 plus $727 is $1,127. Next minus 15 leaves $1,112. Suppose you’re at an auction. Keeping a ballpark tab on how much you’ve already spent might keep you from overrunning your line of credit at the bank. Otte is farm management editor for Farm Futures magazine. See FarmFutures.com. Quick addition Bill Jesina Grain, Pork & Beef Producer Toledo, IA fcsamerica.com/billjesina S UPPOSE your wise-guy grandson thinks he’s pretty smart. Have him write down a five-digit number. You write one just below his. Have him write another. You write another one just below his. You write a fifth fivedigit number, and without batting an eyelash, you tally the total, plus you start from left to right, rather than the traditional right to left. How do you do it? After he writes his first number, you write a number such that his number and your number total 99,999. Do that again. You write down the final five-digit number. The total will be your five digits, plus a 2 in front, less 2 on the end. See how long the smart aleck needs to figure it out.