Rate of change
A ratio that describes how much one quantity changes with respect to the change in another quantity , also known as slope.
The rate of change refers to the rate at which a variable or quantity changes with respect to another. It can be represented by the slope or gradient of a line or curve.
For example, if we are tracking the growth of a company’s revenue over time, the rate of change would be the increase or decrease in revenue over a given period. If revenue increased from $100,000 to $150,000 over a year, the rate of change would be:
Rate of change = (Change in revenue) / (Time)
Rate of change = ($150,000 – $100,000) / (1 year)
Rate of change = $50,000 / 1 year
Rate of change = $50,000 per year
This means that the company’s revenue is increasing at a rate of $50,000 per year.
The rate of change is an important concept in math and science, as it allows us to analyze and understand how different variables are related to each other. It can be used to calculate things like speed, acceleration, and growth rates, and it can be applied to a wide range of real-world scenarios.
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