Question

A state lotto has a prize that pays $1,900 each week for 15 years. What is the total prize amount over 15 years?

a) $15,900
b) $28,500
c) $114,000
d) $1,900

Answer 1

The total prize amount is calculated by multiplying $1,900 by the number of weeks in 15 years (780 weeks), resulting in a total of $1,482,000, which is not listed among the provided options.

Step-by-step explanation:

The total prize amount for a state lotto that pays $1,900 each week for 15 years can be calculated by multiplying the weekly payout by the number of weeks in 15 years. A year typically has 52 weeks, so 15 years would have 15 × 52 weeks.

Calculating the total prize amount:

• Total weeks = 15 years × 52 weeks/year = 780 weeks
• Total prize amount = $1,900/week × 780 weeks
• Total prize amount = $1,482,000

Therefore, the total prize amount over 15 years is $1,482,000, which is not one of the options provided. There is no correct choice.