Question

Use these rental pricing data to answer the questions below: City 2009 Rent 2015 Rent Boise $583 $745 Boston $1,577 $2,150 Seattle $958 $1,600 What is the rate of change of rent with respect to time for Seattle? Round to the nearest penny and specify units in the question below. Answer = What are the proper units for this rate of change? years years per dollar dollars per year dollars

Answer 1

Answer:

Rate of change of rent [Seattle] = $95.5

Explanation:

Given:

2009 Rent $583

2015 Rent  $745

2009 Boston $1,577

2015 Boston $2,150

2009 Seattle $958

2015 Seattle $1,600

Find:

Rate of change of rent [Seattle]

Computation:

Rate of change of rent [Seattle] = Change in price / Change in time

Rate of change of rent [Seattle] = [$2,150 - $1,577] / [2015 - 2009]

Rate of change of rent [Seattle] = $573 / 6

Rate of change of rent [Seattle] = $95.5