Question

The equation y=10(1.0605)^x represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race. Let x represent the number of years. Let x=0 for the year of the race in 1911. Find the winning prize money in 1961? (Hint: Let x = 50 for 1961)

Answer 1

Using the value of x = 50 and putting it into the equation:

y = 10 x (1.0605)⁵⁰
y = 188.6

The winning prize money in 1961 is 188.6 thousand dollars.

Answer 2

Answer:

$189,000

Step-by-step explanation:

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