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Calculate the potential winnings from a betting ticket with a stake of N12,000 and total odds of 225.25.

Mathematics

ScanSolve AI Answer

Step-by-step solution

3 steps
  1. Identify the stake and total odds from the ticket.

    The ticket shows a stake of N12,000.00\text{N}12,000.00 and total odds of 225.25.

  2. Calculate the potential winnings.

    The potential winnings are calculated by multiplying the stake by the total odds.

    Potential Winnings=Stake×Total Odds\text{Potential Winnings} = \text{Stake} \times \text{Total Odds} Potential Winnings=N12,000.00×225.25\text{Potential Winnings} = \text{N}12,000.00 \times 225.25 Potential Winnings=N2,703,000.00\text{Potential Winnings} = \text{N}2,703,000.00
  3. Compare the calculated winnings with the ticket's stated potential winnings.

    The calculated potential winnings of N2,703,000.00\text{N}2,703,000.00 match the "Potential Winnings" amount displayed on the ticket. This indicates that all selections on the multiple bet were successful.

    The result of this ticket is:
    A winning ticket with potential winnings of N2,703,000.00\text{N}2,703,000.00.

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