The fair market rental rate for Fort Wayne was $611 in 2011 and $567 in 2005. Find the unit rate of change for rent in Fort Wayn

Question

VMariaS [17]

3 years ago

7

The fair market rental rate for Fort Wayne was $611 in 2011 and $567 in 2005. Find the unit rate of change for rent in Fort Wayn

e during this period

Mathematics

1 answer:

Feliz [49] · Answer 1 · 2022-05-18T06:32:57+03:00

Feliz [49]3 years ago

5 0

If you assume the rental cost changes in a linear fashion, the change over 6 years was $44. The "unit rate of change" is then $44/(6 years) ≈ $7.33/year.