What is the slope of the line given by the equation y = 12x?
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The average rate of change of credit card is $ 401.79 /year.
<h3>What is Average Rate?</h3>- A single rate that is a weighted average of the different rates that are applicable to property in various locations.
- An average is a single number calculated as the average of a set of numbers, typically calculated as the sum of the numbers divided by the total number of numbers in the set (the arithmetic mean).
<u>Solution</u>
The difference of credit card debt between the year 2006 and 1992 = 8900 - 3275 = $5625
The difference of years between the year 2006 and 1992 = 2006 - 1992 = 14
average rate of change of credit card debt with respect to time =
average rate = = $ 401.79 / year
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