The fair market rental rate for columbus was $730 in 2013 and $551 in 2003. find the rate of change for rent in columbus during this period

The rate of change is 17.9 dollars per year.

Step-by-step explanation:

We use the rate of change formula: where y2 and x2 and the y and x points respectively of the second point, and y1 and x1 are the y and x points respectively for the frist point.

In our case, the first point's x is 2003 (earlier date) and y is 551 (price).

The second point's x is 2013 (date) and y is 730 (price).

Plugging in the numbers, we get

This means the rate of change is 17.9 dollars per year.