At 22:30 19/07/2013 -0400, Mark LaPierre wrote:
On 07/19/2013 07:26 PM, Todor Takov wrote:
I needed to implement the so called Bankers' Rounding Function,
which would round with respect to the 4/5 rule.
[...]
Just one point I would like to make. If you are working with money
be sure that the total of the rounded amounts adds up to match the
original amount.
Example:
$5.39 divided among several accounts.
10.5% to Acct A = 0.56595 => $0.57
13.5% to Acct B = 0.72765 => $0.73
17% to Acct C = 0.9163 => $0.92
59% to Acct D = 3.1801 => $3.18
=====
Total = $5.40
Any summing error needs to be accounted for if you ever want your
accounts to balance.
I'm not sure you appreciated the significance of the questioner's
"Bankers' Rounding Function". You've given an excellent example of
how this works. Using banker's rounding instead of "primary school
mathematics teachers's rounding" on your figures, your first
dividend, 0.56595, would round to 0.56, not 0.57 (with no change to
the other figures), and the total of the rounded values would be the
required $5.39.
Brian Barker
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