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.

Let rental rate be denoted by 'y' and years be denoted by 'x'

coordinates become: (2003,551) (2013,730)

Rental rate in  = $551(y1)

Rental rate in =$730(y2).

So, change in rate =

Years given are 2003(x1) and 2013(x2) so, change is

Here, to find the rate we use the slope formula:

Now putting the values of coordinates in the formula we get:

=

= 17.9

So, the rate of change for rent is $17.9

215.92 dollars is the answer