Fermat's Last Theorem Prize Approved

It was a problem that had baffled mathematicians for centuries -- until British professor Andrew Wiles set his mind to it.

"There are no whole number solutions to the equation xⁿ + yⁿ = zⁿ when n is greater than 2."

Otherwise known as "Fermat's Last Theorem," this equation was first posed by French mathematician Pierre de Fermat in 1637, and had stumped the world's brightest minds for more than 300 years.

In the 1990s, Oxford professor Andrew Wiles finally solved the problem, and this week was awarded the hugely prestigious 2016 Abel Prize -- including a $700,000 windfall.

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