Question

Please help.

Justin initially purchased a property for $85,000. After 5 years, the property was worth $112,000. What is the average rate of change for the first 5 years? A. $2,700 per year B. $8,450 per year C. $5,400 per year D. $6,750 per year

Answer 1

C. $5,400 per year.

Explanation:

Average rate of change = ($112,000 - $85,000) / 5 = $27,000 / 5 = $5,400 per year