Answer:
A total of $780 price money was awarded.
Step-by-step explanation:
Given:
Price received by fourth place winner = $5
We need to find the Total prize money awarded.
Solution:
Now Given;
Each place above that receives a prize that is five times the amount of the previous prize
So we can say that;
Where n ⇒ Number Place
⇒Price received by Number place
Substituting the values of n as 3,2,1 to find the price of third second first place winner.
Now We will find the Total Prize money awarded.
Total Prize money awarded =
Hence A total of $780 price money was awarded.