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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![**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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9e14e833-b473-4144-adde-e217b311654e%2Fe058eb04-8a63-4762-ba53-f48979ed0bdc%2Fm0cgds8_processed.png&w=3840&q=75)
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
