Question

Over 44 million Americans collectively hold nearly $1.5 trillion in student debt. When they graduate, the average student loan borrower has $37,172 in student loans, a $20,000 increase from 13 years ago. Round the average student debt to the nearest ten-thousand.

a) $40,000
b) $30,000
c) $20,000
d) $35,000

Answer 1

The average student loan borrower has $37,172 in student loans. Rounding the average student debt to the nearest ten-thousand gives us $30,000.

Step-by-step explanation:

The average student loan borrower has $37,172 in student loans. To round this average student debt to the nearest ten-thousand, we look at the digit in the ten-thousand place, which is the second digit from the right.

The digit in the ten-thousand place is 3, which is less than 5. Therefore, we round down to the nearest ten-thousand, which is $30,000.

So, the correct answer is $30,000 (option b).