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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 1980 1985
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 350.5 524.0 797.7 1010.4 1543.7 2200.1 2438.7 a) Find an exponential 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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