Step 1 :First, we need to find the slope (m), which is the change in rent divided by the change in square footage. The slope is calculated as \(m = \frac{\$1125 - \$975}{1100 - 800} = 0.5\).
Step 2 :Then, we can find the y-intercept (b) by substituting one of the given points into the equation and solving for b. We can use the point (800, \$975). Substituting these values into the equation \(y = mx + b\) gives us \(\$975 = 0.5 * 800 + b\). Solving for b gives us \(b = \$575\).
Step 3 :Finally, we can use the equation to find the rent for a 1500 square foot office. Substituting \(x = 1500\) into the equation \(y = 0.5x + \$575\) gives us \(y = \$1325\).
Step 4 :Final Answer: The monthly rent for a 1500 square foot office is \(\boxed{\$1325}\).