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 first year of the race in 1911. Find the winning prize money in the first race?

A. $10,000

B. $100

C. $10,605

D. $106,050

Answer 1

I got C.
Hope this helps! :D

Answer 2

Answer: Option 'A' is correct.

Explanation:

Since we have given that

The equation
`y=10(10.0605)^x` represents the winning prize money in thousands.

Let the number of years be 'x'.

Let x=0 for the first year for the race in 1911.

So, we need to find the winning prize money in the first race .

so, Put x= 0 in the equation;

`y=10(10.0605)^0\\\\y=10* 1000\\\\y=\$10,000`

Hence, Option 'A' is correct.