The equation, y = 10(1.0605)x , represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race. x represents the number of years after 1911, the first year.

What is the amount of prize money in 1961? Use x = 50, as it is 50 years after 1911. Round to the nearest whole number and add three zeros to the end. For instance, if you get an answer like 142.8, this rounds to 143, and add 3 zeros to get $143,000.

A. $189,000
B. $530,000
C. $80,000

Question

The equation, y = 10(1.0605)x , represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race. x represents the number of years after 1911, the first year.

What is the amount of prize money in 1961? Use x = 50, as it is 50 years after 1911. Round to the nearest whole number and add three zeros to the end. For instance, if you get an answer like 142.8, this rounds to 143, and add 3 zeros to get $143,000.

A. $189,000
B. $530,000
C. $80,000

anonymous · Answer

Is it $$10(1.0605)^x$$ ?

anonymous · Answer

Yes, thats right, sorry about the typo... with the ^x

anonymous · Answer

Then , you would plug in 50 for x

anonymous · Answer

and evaluate

anonymous · Answer

Ohhh okay sorry... now that i look at it its really easy ;P  i should of got that. Thanks though (: