In 2007, Linda purchased a house for $120,000. In 2017, the house was worth $245,000. Find the average annual rate of change in
dollars per year in the value of the house. Round your answer to the nearest dollar. (Let x = 0 represent 2000)
1 answer:
Answer:
$12,500 per year
Step-by-step explanation:
rate of change = change in dollars/change in years
So,
(245000 - 120000)/(2017 - 2007) = 125000/10 = $12,500 per year
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