Mathematics · Percentage
A gambler plays a game under the following rules: (i) Entry fee for the first round is free. (ii) From the 2nd round onwards, he must pay Rs. 121 as an entry fee for each round. (iii) If he wins a round, he receives a net profit equal to 10% of his current total amount (making it 1.1 times his amount). If he loses, he forfeits all his money. He plays 3 rounds, wins all of them, and takes home Rs. 1,33,100. Assuming he reinvested his total balance at the end of each round, how much money did he have before joining the first round?
- 1100120
- 2100102
- 3102011
- 4100200✓
Correct answer
100200
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