Question

The fair market rental rate for Columbus was $630 in 2013 and $551 in 2003. Find the rate of change for rent in Columbus during this period.

Answer 1

Answer:

the answer will be =79

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Answer 2

Answer:

The rate of change is 17.9 dollars per year.

Step-by-step explanation:

We use the rate of change formula:

$y2 - y1 \\ x2 - x1$

where y2 and x2 and the y and x points respectively of the second point, and y1 and x1 are the y and x points respectively for the first point.

In our case, the first point's x is 2003 (earlier date) and y is 551 (price).

The second point's x is 2013 (date) and y is 730 (price).

Plugging in the numbers, we get

730 - 551 179

2013-2003 =. 10. = 17.9

This means the rate of change is 17.9 dollars per year.

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