Question: In 1895, the first a sporting event was held. The winners prize money was 150. In 2007, the winners check was 1,163,000. (Do not round

In 1895, the first a sporting event was held. The winners prize money was 150. In 2007, the winners check was 1,163,000. (Do not round your intermediate calculations.)

What was the percentage increase per year in the winners check over this period?

If the winners prize increases at the same rate, what will it be in 2040?

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