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Questions: Algebra BusinessCalculus
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On January 4, 1978 the price of a sprocket was $23.51. On January 4, 2011 the price of a sprocket was $51.50. Find the average rate of change in the price of a sprocket from 1978 to 2011. Round to the nearest cent.
The average rate of change is \(\displaystyle \frac{51.50-23.51}{2011-1978}= 0.85\) dollars per year.
\begin{question}On January 4, 1978 the price of a sprocket was \$23.51. On January 4, 2011 the price of a sprocket was \$51.50. Find the average rate of change in the price of a sprocket from 1978 to 2011. Round to the nearest cent.
\soln{9cm}{The average rate of change is $\frac{51.50-23.51}{2011-1978}= 0.85$ dollars per year.}
\end{question}
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\soln{9cm}{The solution goes here.}
\end{question}\end{document}<p> <p>On January 4, 1978 the price of a sprocket was $23.51. On January 4, 2011 the price of a sprocket was $51.50. Find the average rate of change in the price of a sprocket from 1978 to 2011. Round to the nearest cent.</p> </p>
<p> <p>The average rate of change is <img class="equation_image" title=" \displaystyle \frac{51.50-23.51}{2011-1978}= 0.85 " src="/equation_images/%20%5Cdisplaystyle%20%5Cfrac%7B51.50-23.51%7D%7B2011-1978%7D%3D%200.85%20" alt="LaTeX: \displaystyle \frac{51.50-23.51}{2011-1978}= 0.85 " data-equation-content=" \displaystyle \frac{51.50-23.51}{2011-1978}= 0.85 " /> dollars per year.</p> </p>