In 1895, the winner of a competition was paid $150. In 2007, the winner's prize was $293,000. This is a________ percent increase per year in the...

In 1895, the winner of a competition was paid $150. In 2007, the winner's prize was $293,000.. This is a________ percent increase per year in the winner's prize over this period. If the winner's prize increases at the same rate, it will be $ in 2040