Saturday 9 March 2013

In 1895, the first Putting Green Championship was held. The winner’s prize money was $190. In 2010, the winner’s check was $1,390,000. What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) If the winner’s prize increases at the same rate, what will it be in 2036? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))


<table style="width:372.0pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:
 0in 0in 0in 0in" border="0" cellpadding="0" cellspacing="0" width="620">
 <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes">
  <td style="width:100.0%;padding:0in 0in 0in 0in" width="100%">
  <p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
  text-align:justify;line-height:normal"><span style="font-size:12.0pt;
  font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Times New Roman&quot;">In
  1895, the first Putting Green&nbsp;Championship was held. The winner’s prize
  money was $190. In 2010, the winner’s check was $1,390,000.</span></p>
  </td>
 </tr>
</tbody></table>

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Times New Roman&quot;">&nbsp;&nbsp;</span></p>

<table style="width:372.0pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:
 0in 0in 0in 0in" border="0" cellpadding="0" cellspacing="0" width="620">
 <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes">
  <td style="width:100.0%;padding:0in 0in 0in 0in" width="100%">
  <p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
  text-align:justify;line-height:normal"><span style="font-size:12.0pt;
  font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Times New Roman&quot;">What
  was the percentage increase per year in the winner’s check over this period? <b><span style="color:red">(Do not round intermediate calculations and round your
  final answer to 2 decimal places. (e.g., 32.16))</span></b></span></p>
  </td>
 </tr>
 <tr style="mso-yfti-irow:1;mso-yfti-lastrow:yes">
  <td style="width:100.0%;padding:0in 0in 0in 0in" width="100%">
  <p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
  text-align:justify;line-height:normal"><span style="font-size:12.0pt;
  font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Times New Roman&quot;">If
  the winner’s prize increases at the same rate, what will it be in 2036? <b><span style="color:red">(Do not round intermediate calculations and round your
  final answer to 2 decimal places. (e.g., 32.16))</span></b></span></p>
  </td>
 </tr>
</tbody></table>

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Times New Roman&quot;">&nbsp;</span></p>

<p class="MsoNormal">&nbsp;</p>

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