In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2018, the winners check was $2,160,000

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 2048? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What is annual percentage?

What is the prize money?