The equation, y = 10(1.0605)x, represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race. x represents the number of years after 1911, the first year.
What is the value for 1911 (x = 0)? This is the prize money, in thousands. For instance, if you got 23, this represents $23,000.
A. $10,605
B. $10,000
C. $0
Wouldnt the correct answer be A?

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I have to assume that you mean \[y = 10(1.0605)^x\]

Yes sorry about that.

If that is correct then let me ask you.. What is \(5^1\)

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