Title: Y2K Bug

Essay Details

Subject: Technology
Author: Homer G
Date: May 13, 2016
Level: University
Length: 6 / 1556
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

With the current configurations in the phone company computers, the NewYorker will be billed from 00 to 99, a phone call some 99 years long!!! (p. 1) What if you deposit $100 into a savings account that pays 5% interest annually. The following year you decide to close your account. The bank computer figures your $100 was there for one year at 5% interest, so you get $105 back, simple enough...

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What happens though, if you don't take your money out before the year 2000? The computer will re-do the calculation exactly the same way. Your money was in the bank from '95 to '00. That's '00 minus '95, which equals a negative 95 (-95). That's -95 years at 5% interest. That's a little bit more than $10,000, and because of the minus sign, it's going to subtract that amount from your account...

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