5. For households with at least one credit card, the average U.S. credit-card debt per household was $ 9312 in 2004. This was $ 6346 more than average credit-card debt in 1990. What was the average credit-card debt per houshold in 1990? What was the % increase from 1990 to 2004?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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5. For households with at least one credit card, the average U.S. credit-card debt per household
was $ 9312 in 2004. This was $ 6346 more than average credit-card debt in 1990. What was the
average credit-card debt per houshold in 1990? What was the % increase from 1990 to 2004?
Transcribed Image Text:5. For households with at least one credit card, the average U.S. credit-card debt per household was $ 9312 in 2004. This was $ 6346 more than average credit-card debt in 1990. What was the average credit-card debt per houshold in 1990? What was the % increase from 1990 to 2004?
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