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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. 404t+5190 use this expression to predict what the total average credit card debt was or will be in the year 1998. answer: in the year 1998, the total average credit card debt for a u.s. household will be (or was) dollars.

Respuesta :

The total average credit card debt for  a U.S household will be $9292.

How much is considered a lot of credit card debt?

  • If your total balance is more than 30% of the total credit limit, you may be in too much debt.
  • Some experts consider it best to keep credit utilization between 1% and 10%, while anything between 11% and 30% is typically considered good.

We are given that an expression which gives an approximate value of the total average credit card debt in a U.S. household (in dollars )t years after 1995

We have to find the total average credit card debt will be in the year 2004.

Number of years =2004-1995=9

t=9 years

Substitute the value of t in the given expression

Then , total average credit card debt in a U.S household will be in the year

Debt(t)=418t+5530

Debt(9)=418 * 9+5530= $9292  in 2004

Hence, in the year 2004, the total average credit card debt for  a U.S household will be $9292.

Learn more about  credit card debt

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