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In 1895, the first Green Jacket Golf Championship was held. The winners prize money was $175. In 2018, the winners check was $2,310,000. a. What
In 1895, the first Green Jacket Golf Championship was held. The winners prize money was $175. In 2018, the winners check was $2,310,000. |
a. | What was the annual percentage increase in the winners check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
b. | If the winners prize increases at the same rate, what will it be in 2053? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) Annual Percentage Increase? 2053 Prize Money? |
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