Explanation:
The formula D = 401t + 5940 can be used to approximate the total 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 2028.
2028 - 1995 = 33 years, so t = 33
D = 401t + 5940
D = 401(33) + 5940
D = 13,233 + 5940
D = 19,173
Answer: In the year 2028, the total average credit card debt for a U.S. household will be $19,173