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What annual percentage increase in winner check over period

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Reference no: EM132474088

In 1896, the first Green Jacket Golf Championship was held. The winner's prize money was $190. In 2018, the winner's check was $2,400,000.

Question 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.)

Question b. If the winner's prize increases at the same rate, what will it be in 2056? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.)

Reference no: EM132474088

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