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.

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.

campbell_st · Answer

is the equation 

$$y = 10(1.0605)^x$$

anonymous · Answer

Yeahh lol I forgot the ^, sorry :p

campbell_st · Answer

ok... so in 1911 its

$$y = 10 \times (1.0605)^0$$

when you get a numerical answer multiply it by 1000

since the information says... in thousands of dollars. 

so really you could write the equation for 1911 as 

$$y = 10 \times (1.0605)^0 \times 1000$$


the just evaluate

anonymous · Answer

Ohh ok thank you so much :)