The formula D= 393t + 5680 can be used to approximate rhe tital average credit card debt in a U.S. household (in dollars) t years after 1995. Use this formula to predict what the total average credit card debt will be in the year 2027
In this problem the formula for average credit card debt is D=393t+5680 where t is years after 1995. To find the total average credit card debt in the year 2027, we must first find the difference in years between 2027 and 1995 to get our t value. To do this subtract 1995 from 2027: t= 2027 - 1995 = 32 years. Next, we plug in 32 for t into the equation and solve for D: D = (393)*(32) + 5680 = $18,256.
