Question

A house is worth $156,000

in 2015. In 2017, it is
worth $192,000. What is
the rate of change?

Answer 1

$18,000

Explanation:

Difference in the years is 192000-156000= 36000

To find rate of change, divide the difference by amount of years in difference.

36000/2017-2015

36000/2

Hence, $18000 per year

Hope it helps!