Math Problem Statement
hey if the multi on win is 5x and initial bet amount is 0.01 and i increase it by 20 percent on every lose and lose 63 times in a row and then win WWhat will be the profit
Solution
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Math Problem Analysis
Mathematical Concepts
Geometric Progression
Exponential Growth
Multiplication
Formulas
Bet_n = 0.01 × (1.2)^(n-1)
Total Bets = Σ (0.01 × (1.2)^(n-1)) from n=1 to 63
Profit = (5 × Bet_64) - Total Bets
Theorems
Geometric Series Sum Formula
Suitable Grade Level
Grades 9-12
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