Question

Tom makes a bet with his friend Bob. Bob wagers $100, but Tom decides to make him a deal. If Bob wins, Tom will pay him $100. If Tom wins, Bob will instead pay $1 for the first day, then every day for 10 days he must match the total amount paid so far.
For the first day, Bob will pay $1. The second day, he will pay an additional dollar, since he has only paid $1 thus far. The third day he will pay $2, the fourth $4, and so on.
If Bob has a 75% chance to win, which of the following is the closest to the amount of money Tom will make on average with this bet?
Possible Answers:
A. -$25
B. $50
C. $0
D. $25
E. $100

Answer 1

Answer:

B

Step-by-step explanation: