Thu, 06 Jun 2013 21:02 CDT
Looking for a way to make $1 million? All you need to do is solve a math equation that has been boggling the minds of the world's greatest mathematicians for over 20 years.
Beal's Conjecture, represented by A^x + B^y = C^z, is named after Andrew Beal, the same man who is offering up the seven-figure reward for anyone who can prove that when A, B and C are positive integers, and x, y and z are positive integers greater than 2 - A, B and C must have a common factor.
The conjecture was first proposed in 1993 while Beal was working on Fermat's Last Theorem
. He noted that both equations are "easy to say, but extremely difficult to prove."
"Increasing the prize is a good way to draw attention to mathematics generally and the Beal Conjecture specifically," said Beal
. "I hope many more young people will find themselves drawn into the wonderful world of mathematics."
Currently working as a banker in Dallas, Beal first offered up a $5,000 prize to anyone who could perform the proof back in 1997. He has increased the reward several times over the years without a solution being found. The $1 million prize is a ten-fold upgrade from Beal's last offer of $100,000.
"I was inspired by the prize offered for proving Fermat," said the self-taught mathematician who professes an affinity for number theory.