Question: In 1 , 8 9 3 , the first Open Golf Championship was held. The winner s prize money was $ 2 6 8 .

In 1,893, the first Open Golf Championship was held. The winners prize money was $268. In 2,012, the winners check was $1,106,370. What was the percentage increase per year in the winners check over this period? (Round your final answer to two decimal places and report in percentage form: x.xx%)

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