Problem

Consumer Spending In 2005 consumers used credit and debit cards to pay for 40% of all purc...

Consumer Spending In 2005 consumers used credit and debit cards to pay for 40% of all purchases. This percentage was 55% in 2011. (Source: Bloomburg.)

(a) Find a linear function P that models the data.


(b) Estimate when this percentage was between 45% and 50%.

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