In 1895, the first Green Jacket Golf Championship was held. The winner's prize money was $165. In 2018, the winner's check was $2,250,000.
a. What was the annual percentage increase in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to
2 decimal places, e.g., 32.16.)
b. If the winner's prize increases at the same rate, what will it be in 2051? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.)
a. Annual percentage increase__________%
b. 2051 prize money