Golf Championship was held. The winner’s prize money was $170. In 2018, the winner’s check was $2,280,000. a. What was the annual percentage increase in the winner’s 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 winner’s prize increases at the same rate, what will it be in 2052?
Golf Championship was held. The winner’s prize money was $170. In 2018, the winner’s check was $2,280,000. a. What was the annual percentage increase in the winner’s 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 winner’s prize increases at the same rate, what will it be in 2052?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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n 1895, the first Green Jacket Golf Championship was held. The winner’s prize money was $170. In 2018, the winner’s check was $2,280,000. |
a. | What was the annual percentage increase in the winner’s 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 winner’s prize increases at the same rate, what will it be in 2052? |
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