Question
In 1905, the first Green Jacket Golf Championship was held. The winners prize money was $290. In 2015, the winners check was $1,650,000. What was
In 1905, the first Green Jacket Golf Championship was held. The winners prize money was $290. In 2015, the winners check was $1,650,000.
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.)
Annual percentage % If the winners prize increases at the same rate, what will it be in 2054? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started