On January 4, 1974 the price of a stembolt was $49.59. On January 4, 2000 the price of a stembolt was $61.61. Find the average rate of change in the price of a stembolt from 1974 to 2000. Round to the nearest cent.

The average rate of change is $LaTeX: \displaystyle \frac{61.61-49.59}{2000-1974}= 0.46$ dollars per year.