Wednesday, June 5, 2013

Texas banker puts up $1M for tricky math solution

PROVIDENCE, R.I. (AP) ? A Texas banker is upping the ante to $1 million for whoever solves a tricky problem that's been dogging mathematicians since the 1980s.

The Providence, R.I.-based American Mathematical Society on Tuesday said $1 million will be awarded for the publication of a solution to the Beal Conjecture number theory problem.

Dallas banker D. Andrew Beal first offered the Beal Prize in 1997 for $5,000. Over the years, the amount has grown.

American Mathematical Society spokesman Michael Breen says a solution is more difficult than the one for a related problem, Fermat's Last Theorem, which didn't have a published solution for hundreds of years.

Beal is a self-taught mathematician and says he wants to inspire young people to pursue math and science.

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Online:

Beal Prize: http://bit.ly/14eTRCC

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2013-06-04-US-ODD-$1-Million-Math-Prize/id-9978c709cb1d4c0bb538232cb48a58fa

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