Answer:
$12,500
Step-by-step explanation:
Given that, Linda purchased a house for $120,000 in 2007 and the value of the house was $245,000 in 2017.
Total change in the value of house= $245,000- $120,000=$125,000.
Total time (in years) between 2007 and 2017 = 2017-2007=10 years.
The value of the house changes by $125,000 in the time interval of 10 years.
So, the average annual rate of change in the value of the house = $125,000/10=$12500 per year.
Hence, the average annual rate of change in the value of the house is $12,500.
