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.

What was the amount of prize money in 1922?
Hint: Let x = 11 for 1922

1. $18,000
2. $19,000
3. $36,000
4. $37,000

Answer 1

Answer: 36,00

Step-by-step explanation: I took the test

Answer 2

Hope I helped!~

Explanation:

Let x = 11 for 1922 (since x=0 represents the first year in 1911).Plugging in x = 11 into the equation, we get:y = 10(1.0605)^11

y ≈ 36.8So the amount of prize money in 1922 was $36,800 (in thousands), which is equivalent to $36,800,000.

Therefore, the correct answer is option 3: $36,000.