SOLUTION: what is the rate of change if the price of an item rises from $123.00 to $154.00?
the difference between $154. and $123. is $31.00. (P = $31.)?
the original amount was $123. be
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: what is the rate of change if the price of an item rises from $123.00 to $154.00?
the difference between $154. and $123. is $31.00. (P = $31.)?
the original amount was $123. be
Log On
Question 770498: what is the rate of change if the price of an item rises from $123.00 to $154.00?
the difference between $154. and $123. is $31.00. (P = $31.)?
the original amount was $123. before the increase. (B = $123.)?
what is the rate of change? (R =___)
From this point on i am lost. I tried dividing $31. into $123. and my book says i got the answer wrong.
You can put this solution on YOUR website! what is the rate of change if the price of an item rises from $123.00 to $154.00?
the difference between $154. and $123. is $31.00. (P = $31.)?
the original amount was $123. before the increase. (B = $123.)?
what is the rate of change? (R =31/123 = 0.2520 = 25.2%)
That is the percent change.
----
The rate you are asked to calculate may be something line 1:1.2520
----
I would suggest you find a worked example in your text to see
exactly what is meant to by "rate of change".
==============
Cheers.
Stan H.