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# Business The table shows outstanding consumer credit (in billions of dollars) at the beginning of various years. (Data from: U.S. Federal Reserve.)

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Business    The table shows outstanding consumer credit (in billions of dollars) at the beginning of various years. (Data from: U.S. Federal Reserve.)

 Year Credit 1980 350.5 1985 524.0 1990 797.7 1995 1010.4 2000 1543.7 2005 2200.1 2010 2438.7

• Find an exponential model for these data, where t = 0 corresponds to the year 1980.
• If this model remains accurate, what will the outstanding consumer credit be in 2013 and 2016.
• In what year will consumer credit reach \$6000 Billion?
Business The table shows outstanding consumer credit (in billions of dollars) at the beginning of various years. (Data from: U.S. Federal Reserve.) Year Credit 1980 350.5 1985 524.0 1990 797.7 1995 1010.4 2000 1543.7 2005 2200.1 2010 2438.7 a) Find an exponen±al model for these data, where t = 0 corresponds to the year 1980. b) If this model remains accurate, what will the outstanding consumer credit be in 2013 and 2016. c) In what year will consumer credit reach \$6000 Billion?
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Business The table shows outstanding consumer credit (in billions of dollars) at the beginning of various years. (Data from:... View the full answer

Business The table shows outstanding consumer credit (in billions of dollars) at the beginning of
various years. (Data from: U.S. Federal Reserve.) Year
1980
1985
1990
1995
2000
2005
2010 Credit...

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