meghill14 meghill14

07-10-2018
Mathematics

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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 Wayne during this period

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sqdancefan sqdancefan

07-10-2018

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.

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