Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the amount of outstanding consumer debt? (in trill

The amount of outstanding consumer debt? (in trillions of? dollars) is approximated by g(t)= 0.365362 *...

80.2K

Verified Solution

Question

Basic Math

The amount of outstanding consumer debt? (in trillions of?dollars) is approximated by g(t)= 0.365362 * 1.068022^t, wheret=0

corresponds to 1980. Find the year in which consumer debt is

(a) $2 trillion

(b) $9 trillion

(a) The consumer debt will reach???$2 trillion in the latepartof year:

?(b) The consumer debt will reach???$9 trillion in late part ofthe year:

Answer & Explanation Solved by verified expert
3.6 Ratings (531 Votes)
The amount of outstanding consumer debt in trillions of dollars is approximated by gt 0365362 1068022t where t 0 corresponds to 1980 a Let the consumer debt reach 2 trillion t years    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

?(Individual or component costs of capital?) Compute the cost of the? following: a. A bond that has...

Biology
1.2K views

6 1 3 9 1 1 11 12 1 Most animal phyla belong to the...

Physics
1.2K views

The temperature of a well stirred liquid kept open to a cold surrounding is plotted...

Basic Math
1.2K views

June 2014 Edith babysits for x hours a week after school at a job that...

Basic Math
1.2K views

Starting with the graph of f x 4 write the equation of the graph that...

Basic Math
1.2K views

Factor by grouping.15x?6x +25x?10

Accounting
1.2K views

Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014....

Accounting
1.2K views

The following income statement and balance sheets for The Sports Shack are provided....

Accounting
1.2K views

Explain the difference between (a) temporary accounts and (b) permanent accounts. Give three examples of...

Accounting
1.2K views

***PLEASE PREPARE CASH FLOW STATEMENT*** You and a developer have bought a site...

Accounting
1.2K views

Partner Z of the XYZ partnership receives a liquidating distribution of the following: ...

Finance
1.2K views

what are good examples for publicly traded companies that issues dividends. Furthermore showing information since...