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.
405t + 5850
Use this expression to predict what the total average credit card debt was or will be in the year 2011.


Answer: In the year 2011, the total average credit card debt for a U.S. household will be (or was)

Answer 1

The calculation below shows that the total average credit card debt was or will be 12,330 in the year 2011.

How can we calculate the total average?

From the question, we have the following:

t = 2011 - 1995

t = 16

Therefore, the total average credit card debt in 2011 can be calculated as follows:

Total average credit card debt = 405t + 5850 ..................... (1)

Substituting t = 16 into equation (1), we have:

Total average credit card debt = (405 * 16) + 5850

Total average credit card debt = 6480 + 5850

Total average credit card debt = 12,330

Learn more about an average here: https://brainly.com/question/12322912.

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