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13-08-2021
Mathematics

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The price of Pepsi stock was $0.65 in 1981 and $27.56 in 2011. What was the average rate of change for the stock per year
from 1981 to 2011 rounded to the nearest hundredth?

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angstar4 angstar4

13-08-2021

0.65 at year 0 (0, 0.65)
27.56 at year 30 (30, 27.56)

slope = (27.56 - 0.65) / (30 - 0)
slope = 26.91 / 30

Change = 0.897 or almost 90 cents

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