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Math Help - simple algebra problem

  1. #1
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    simple algebra problem

    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.
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    Quote Originally Posted by renmail2000 View Post
    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 .....

    The explanation for the debt should be obvious.
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    simple algebra problem

    Excellent explanation to my question. Thank you very much from renmail2000.
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