A 16 team bowling league has $ 8,000 to be awarded as prize money. If the last placeeach successive finishing place, how much will the first place team receive?

team is awarded $ 275 in prize money and the award increases by the same amount for

My answer :

a1 -- ? D = 275

an = a1=(n-1 ) d = 275

an = a1 + ( ( 16 - 1 ) d = 8000

a1(15)(275) = 8000

a14125 = 8000

a1 = 1.93