A publishing house decides to create a contest for new writers and will award a total of $800 in prizes to the 18 novels with the most votes. First place will get $200, second place will get $150, third place $120 and the rest of the awards will be paid with the same amount of money. How much money will each writer earn from fourth place onwards?
The first three cash prizes sum to $200 + $150 + $120= $<<200+150+120=470>>470
The remaining amount of cash prizes to be distributed is $800 - $470= $<<800-470=330>>330
The number of novels left to be awarded is 18 – 3= <<18-3=15>>15 novels
So each writer from 4th to 18th will earn $330 / 15= $<<330/15=22>>22
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