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Question
credit card debt - application
the function d(t) can be used to approximate the total average credit card debt in a u.s. household (in thousands of dollars) t years after 1995.
interpret the meaning of the statement: d(23) = 21.7.
in the year , the total average credit card debt for a u.s. household will be $
The function $D(t)$ gives the average credit - card debt in thousands of dollars $t$ years after 1995. When $t = 23$, we calculate the year as $1995+23$. And $D(23)=21.7$ means the debt amount in thousands of dollars.
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In the year 2018, the total average credit card debt for a U.S. household will be $21700$.