A man walks through 3 casinos. Upon entering, he paid 1000. He won and doubled all his money in a card game. He again paid 1000 as he walked out of the casino. In the second casino, he paid 1000 as he entered, doubled his money upon winning. He paid again 1000 as he left. He did the same in the third casino but upon leaving, he had nothing left. How much was his original amount of money?
A man walks through 3 casinos. Upon entering, he paid 1000. He won and doubled all his money in a card game. He again paid 1000 as he walked out of the casino. In the second casino, he paid 1000 as he entered, doubled his money upon winning. He paid again 1000 as he left. He did the same in the third casino but upon leaving, he had nothing left. How much was his original amount of money?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A man walks through 3 casinos. Upon entering, he paid 1000. He won and doubled all his money in a card game. He again paid 1000 as he walked out of the casino. In the second casino, he paid 1000 as he entered, doubled his money upon winning. He paid again 1000 as he left. He did the same in the third casino but upon leaving, he had nothing left. How much was his original amount of money?
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