Understanding Credit Card Debt Expression

The video tutorial explains how to use the expression 394t + 5,830 to estimate the average credit card debt in a US household, T years after 1995. It emphasizes the importance of correctly identifying the value of T, which is the number of years after 1995. The tutorial demonstrates how to calculate T for the year 2009, which is 14, and then substitutes this value into the expression to find the average debt. The final calculation shows that the average credit card debt in 2009 was $11,346.

What does the expression 394t + 5,830 represent?

• The total average income in a US household T years after 1995.

• The total average credit card debt in a US household T years after 1995.

• The total average expenditure in a US household T years after 1995.

• The total savings in a US household T years after 1995.

How do you calculate the value of T for the year 2009?

• By subtracting 1995 from 2009.

• By multiplying 1995 by 2009.

• By adding 1995 to 2009.

• By dividing 2009 by 1995.

What is the value of T when calculating for the year 2009?

• 10

• 12

• 14

• 16

What is the first step in calculating the average credit card debt for 2009 using the expression?

• Divide 5,830 by 394.

• Subtract 14 from 5,830.

• Multiply 394 by 14.

• Add 394 to 5,830.

What is the product of 394 and 14?

• 5,516

• 394

• 5,830

• 11,346

What is the final sum when calculating the average credit card debt for 2009?

• 5,516

• 11,346

• 394

• 5,830

Based on the expression, what was the average credit card debt in a US household in 2009?

• $5,516

• $5,830

• $11,346

• $394