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Calculate potential winnings from a betting slip given stake, total odds, and bonus, and compare it to the printed amount.

Business/Management

ScanSolve AI Answer

Answer

24,553,800.00 N24,553,800.00 \text{ N}

Step-by-step solution

3 steps

  1. Identify the stake, total odds, and bonus from the betting slip.

    • Stake: 45,000.00 N45,000.00 \text{ N}
    • Total Odds: 545.64
    • Bonus: 0.00 N0.00 \text{ N}

  2. Calculate the potential winnings using the formula

    Potential Winnings=Stake×Total Odds+Bonus\text{Potential Winnings} = \text{Stake} \times \text{Total Odds} + \text{Bonus}

  3. Substitute the identified values into the formula and perform the calculation.

    Potential Winnings=45,000.00 N×545.64+0.00 N\text{Potential Winnings} = 45,000.00 \text{ N} \times 545.64 + 0.00 \text{ N} Potential Winnings=24,553,800.00 N\text{Potential Winnings} = 24,553,800.00 \text{ N}

    The potential winnings calculated from the stake and total odds are 24,553,800.00 N24,553,800.00 \text{ N}.
    The potential winnings printed on the slip are 24,545,987.00 N24,545,987.00 \text{ N}.

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