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In 1 8 9 7 , the first Green Jacket Golf Championship was held. The winner s prize money was $ 2 2 5 .

In 1897, the first Green Jacket Golf Championship was held. The winners prize money was $225. In 2020, the winners check was $2,610,000.
What was the annual percentage increase in the winners check over this period?
Note: do not round intermediate calculations and round you answer to 2 decimal places, eg.,32.16
If the winners prize increases at the same rate, what will it be in 2055?
Note: do not round intermediate calculations and round you answer to 2 decimal places, eg.,1,234,567.89

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