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In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $220. In 2019, the winners check was $1,460,000. a. What
In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $220. In 2019, the winners check was $1,460,000.
a. What was the percentage increase per year 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 2044? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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