In 1895, the first Putting Green Championship was held. The winner’s prize money was $180. In 2016, the winner’s check was $1,380,000. a. What was the percentage increase per year in the winner’s...

In 1895, the first Putting Green Championship was held. The winner’s prize money was $180. In 2016, the winner’s check was $1,380,000.

What was the percentage increase per year in the winner’s check over this period?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)