Math Problem Statement
A casino has launched an event for 5 days in which each day you can bet some money. The special thing about this offer is that it guarantees that at the end of the event you have won at least one day.
However the offer comes with some terms and conditions.
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In order to participate you have to start from the 1st day itself.
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Once you have won a reward you cannot participate for the next upcoming days The reward to money ratio for each day is given as
Day 1 2 3 4 5
Ratio 4 3 2 6 2
Your aim is to obtain a net profit of at least 120 rupees. Find the minimum number of rupees you should initially have to ensure that your
aim is achieved.
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Optimization
Formulas
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Theorems
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Suitable Grade Level
High School
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