Recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of accounts and then diverting the proceeds for personal gain. Suppose that a computer programmer uses this technique to skim a penny form each customer's account at a small bank. Over the course of 3 months, he takes $200,000 and is never caught.;Assuming that this hacker took only one penny per month form each customer, how many accounts did the bank have?;If the bank had 100,000 accounts and the hacker stole one penny from each account's interest (which was computed daily), how much could the hacker steal in 3 months?
Paper#20822 | Written in 18-Jul-2015Price : $27