In 2013
20132013 the median monthly rent for a one-bedroom apartment in San Francisco was
$
2
,
750
$2,750dollar sign, 2, comma, 750. The equation below models the median monthly cost,
C
CC, in dollars, for a one-bedroom apartment over the next
t
tt years
(
(left parenthesisassuming
2013
20132013 to be
t
=
0
)
t=0)t, equals, 0, right parenthesis.
C
=
250
t
+
2
,
750
C=250t+2,750C, equals, 250, t, plus, 2, comma, 750
James moved to San Francisco in
2015
20152015 and paid the median price to rent a one-bedroom apartment. How much less would James have paid each month in rent if he had moved to San Francisco in
2014
20142014 and rented a one-bedroom apartment for the median price?