Math Solutions

[See Solution] Business. The table shows outstanding consumer credit (in billions of dollars) in various years. Find an exponential model for this data, with

Question: Business. The table shows outstanding consumer credit (in billions of dollars) in various years.

  1. Find an exponential model for this data, with \(t=0\) corresponding to 1980.
  2. If this model remains accurate, what will the outstanding consumer credit be in 2003 and 2006 ?
  3. In what year will consumer credit reach $2500 billion

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