In 1903, the Winner of a Competition Was Paid $50

question 17

Multiple Choice

In 1903, the winner of a competition was paid $50. In 2017, the winner's prize was $235,000. What will the winner's prize be in 2040 if the prize continues increasing at the same rate? (Do not round intermediate calculations. Round your answer to the nearest $500.)

• A) $1,080,000
• B) $1,176,500
• C) $1,250,000
• D) $1,294,000
• E) $1,188,500

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Definitions:

Array of Structures

A collection of elements where each element is a structure containing multiple pieces of related data.

Structures

Composite data type in programming that allows for the storage of different types of data.

Ordered Structures

Data structures that maintain their elements in a specific, organized sequence allowing for efficient access and modification.

Linked List

A data structure consisting of nodes where each node contains data and a reference to the next node in the sequence.