Question

The price of tomatoes went from $1.12 per pound to $1.96 per pound in 3 years. find the rate of change of the price of tomatoes.

Answer 1

$\bf \begin{array}{|cc|ll} \cline{1-2} \stackrel{x}{year}&\stackrel{y}{price}\\ \cline{1-2} 0&1.12\\ 3&1.96\\ \cline{1-2} \end{array}~\hspace{10em} (\stackrel{x_1}{0}~,~\stackrel{y_1}{1.12})\qquad (\stackrel{x_2}{3}~,~\stackrel{y_2}{1.96}) \\\\\\ \stackrel{\textit{rate of change}}{slope = m\implies} \cfrac{\stackrel{rise}{ y_2- y_1}}{\stackrel{run}{ x_2- x_1}}\implies \cfrac{1.96-1.12}{3-0}\implies \cfrac{0.84}{3}\implies 0.28$