Question

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

(in dollars) t years after 1995.
404t + 5740
Use this expression to predict what the total average credit card debt was or will be in the year 2000.
was)
Answer: In the year 2000, the total average credit card debt for a U.S. household will b
dollars.
Hint: The key here is to keep in mind that t is years since 1995, not the actual year.

Answer 1

$7760

Explanation:

To find the total average credit card debt for the year 2000, we need to substitute t = 5 into the given expression:

404t + 5740 = 404(5) + 5740

= 2020 + 5740

= 7760