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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. 412t + 5200 Use this expression to predict what the total average credit card debt was or will be in the year 2017. Answer: In the year 2017, the total average credit card debt for a U.S. household will be (or was) dollars.

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. 412t + 5200 Use this expression to predict what the total average credit card debt was or will be in the year 2017. Answer: In the year 2017, the total average credit card debt for a U.S. household will be (or was) dollars.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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**Predicting Credit Card Debt for U.S. Households** 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. \[ 412t + 5200 \] Use this expression to predict what the total average credit card debt was or will be in the year 2017. **Answer:** In the year 2017, the total average credit card debt for a U.S. household will be (or was) \( \_\_\_\_\_\_ \) dollars. To solve this, you'll need to substitute \( t \) with the number of years after 1995 that corresponds to the year 2017.
Transcribed Image Text:**Predicting Credit Card Debt for U.S. Households** 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. \[ 412t + 5200 \] Use this expression to predict what the total average credit card debt was or will be in the year 2017. **Answer:** In the year 2017, the total average credit card debt for a U.S. household will be (or was) \( \_\_\_\_\_\_ \) dollars. To solve this, you'll need to substitute \( t \) with the number of years after 1995 that corresponds to the year 2017.
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