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: $d(28)=18.3$.
in the year
, the total average credit card debt for a u.s. household will be $$
$.
question help: video message instructor

Explanation:

Step1: Find the year

Since $t$ is years after 1995 and $t = 28$, we calculate the year as $1995+28$.
$1995 + 28=2023$

Step2: Interpret the value of $D(t)$

$D(t)$ is the total average credit - card debt in thousands of dollars. When $D(28)=18.3$, it means the debt is $18.3$ thousand dollars. To convert to dollars, we multiply by 1000.
$18.3\times1000 = 18300$

Answer:

In the year 2023, the total average credit card debt for a U.S. household will be $18300$.