Question: In 1895 , the first a sporting event was held. The winner's prize money was $130. In 2007 , the winner's check was $1,168,000. (Do

In 1895 , the first a sporting event was held. The winner's prize money was $130. In 2007 , the winner's check was $1,168,000. (Do not round your intermediate calculations.) Required: (a)What was the percentage increase per year in the winner's check over this period? (b) If the winner's prize increases at the same rate, what will it be in 2040

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