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3 votes
The following expression gives an approximate value of the total average credit card debt in a U.S. household (in dollars)

t
t years after 1995.

413t+5780

Use this expression to predict what the total average credit card debt was or will be in the year 2001.

User Sinisa
by
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1 Answer

4 votes
Years after 1995 = 2001-1995=6
Debt(t)=413t+5780
Debt(6)=413(6)+5780=$8258 in 2001
User EricWF
by
5.9k points
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