A competition awards prizes for fourth , third, second, and first place. The fourth place winner receives 5$. Each place above that receives a prize that is five times the amount of the previous prize. How much prize money is awarded?

A total of $780 price money was awarded.

Step-by-step explanation:

Given:

Price received by fourth place winner = $5

We need to find the Total prize money awarded.

Solution:

Now Given;

Each place above that receives a prize that is five times the amount of the previous prize

So we can say that;

Where n ⇒ Number Place

 ⇒Price received by Number place

Substituting the values of n as 3,2,1 to find the price of third second first place winner.

Now We will find the Total Prize money awarded.

Total Prize money awarded =

Hence A total of $780 price money was awarded.

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