kbsoccer4822 kbsoccer4822
  • 24-01-2021
  • Mathematics
contestada

The average price of gas in 2000 was $1.57 per gallon, and $2.30 in 2005. What is the rate of change for each year between 2000 to 2005?

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JeanaShupp
JeanaShupp JeanaShupp
  • 25-01-2021

Answer: $ 0.146 per year.

Step-by-step explanation:

Given: Average price of gas in 2000 = $1.57 per gallon

Average price of gas in 2005 = $2.30 per gallon

The rate of change for each year between 2000 to 2005

= [tex]\dfrac{\text{Change in price}}{\text{Change in time}}[/tex]

[tex]=\dfrac{\text{Price in 2005- Price in 2000}}{2005-2000}\\\\=\dfrac{2.30-1.57}{5}\\\\=\dfrac{0.73}{5}=0.146[/tex]

Hence, the rate of change for each year between 2000 to 2005 is $ 0.146 per year.

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