The price of a gallon of milk went from $2.70 to $3.50 in four years. Find the rate of change of the price of milk.

A$0.10 per year
B$0.20 per year
C$0.50 per year
D$0.80 per year

Verified Answer :

B$0.20 per year ............

Answer: B)$0.20 per year

Step-by-step explanation:

Given: The previous price of a gallon of milk = $2.70

The new price of a gallon of milk = $3.50

Time to increase price = 4 years

Now, the rate of change of price of milk is given by:-

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Hence, the rate of change of the price of milk= $0.20 per year