Today Puzzle #545
Puzzle No. 545 – Wednesday 14 August
This week is Cowes Week, a sailing regatta which has been held in August since 1826. The first race was for a Gold Cup of value £100 back then. What would the value of the prize money be today with an annual inflation rate of 2.4%?
Today’s #PuzzleForToday has been set by Dr Shaun Fitzgerald, Director of The Royal Institution
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193 years since the first race. The value of £100 in 1826 is therefore 100x(1.024)^193=£9725 today.