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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The Answer of 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

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