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A bet slip shows a stake of ₦20,000.00 and total odds of 599.42. Calculate the potential winnings and verify if it matches the slip.

May 17, 2026Mathematics

ScanSolve AI Answer

Step-by-step solution

3 steps

Identify the stake and total odds from the betting slip.
The stake is ₦20,000.00.
The total odds are 599.42.
Calculate the potential winnings using the formula
Potential Winnings = Stake $\times$ Total Odds.
$\text{Potential Winnings} = \text{₦}20,000.00 \times 599.42$ $\text{Potential Winnings} = \text{₦}11,988,400.00$
Compare the calculated potential winnings with the value on the slip.
The calculated potential winnings of ₦11,988,400.00 match the "Potential Winnings" shown on the betting slip.

The potential winnings are indeed ₦11,988,400.00.

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