Question

price of gasoline in 2000 was $1.51. in 2016 the average price was $2.14. find and interpret the average rate of change in the price of a gallon of gasoline per year in the nearest tenth. please show work​

Answer 1

Explanation:

The average rate of change is the same thing as the slope between the 2 points created by that data. The first coordinate is (2000, 1.51) and the second coordinate is (2016, 2.14). Applying the slope formula:

`m=(2.14-1.51)/(2016-2000)=.04`

This means that the cost of gas rose an average of 4cents per year.