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The equation y=10(1.0605)^x represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race. Let x represent the number of years. Let x = 0 for the first year of the race in 1911. Find the winning prize money in the first race?

A. $10,000

B. $100

C. $10,605

D. $106,050

Respuesta :

lori5777
I got C.
Hope this helps! :D

Answer: Option 'A' is correct.

Step-by-step explanation:

Since we have given that

The equation  [tex]y=10(10.0605)^x[/tex] represents the winning prize money in thousands.

Let the number of years be 'x'.

Let x=0 for the first year for the race in 1911.

So, we need to find the winning prize money in the first race .

so, Put x= 0 in the equation;

[tex]y=10(10.0605)^0\\\\y=10\times 1000\\\\y=\$10,000[/tex]

Hence, Option 'A' is correct.

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