A gambler loses a wager and then loses "double or nothing" (meaning the gambler owes twice as much) twice more. After the three losses, the gambler's assets are -$20. Explain how much the gambler originally bet and how the $20 debt occurred.
A gambler loses a wager and then loses "double or nothing" (meaning the gambler owes twice as much) twice more. After the three losses, the gambler's assets are -$20. Explain how much the gambler originally bet and how the $20 debt occurred.
Gambler starts with $x. Assets after three losses are x - x - 2x - 2x = -4x. Solve -20 = -4x .....