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 value for 1911 (x = 0)? This is the prize money, in thousands. For instance, if you got 23, this represents $23,000.

Answer 1

i got 10,605 but it was wrong.

Answer 2

at \(x=0\) you get what you start with, namely 10 or 10,000

Answer 3

because \(10(1.0605)^0=10\times 1=10\) as anything to the power of 0 is 1