N 1970 the prize money of the canadian open tennis, Finance Basics

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N 1970 the prize money of the canadian open tennis

n 1970, the prize money of the Canadian Open Tennis tournament was $15,000. In 2012, the prize money was $2,648,700. What was the percentage increase in the prize money over this period? If the winner's prize continues to increase at the same rate, what will it be in 2040?

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