This is true Parole violators account for more than half of prison admissions in many states Parole is a popular sentencing option.
For this case we have an equation of the form:

Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:

By the time the earnings increase to 75000 we have:

From here, we clear x:
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
What is Monetary unit?
The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.
Therefore,
Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.
To learn more about monetary unit from the given link;
brainly.com/question/13415456
#SPJ4
Don’t give out personal info and don’t cyber bully people, don’t judge them either.