What is the projected debt in scientific notation?
(1 Point)

- "In 2010, the US Census Bureau is reporting that US citizens have over $886 billion in credit card debt, and that figure is expected to rise to $1.177 trillion this year."
- Credit card debt is "expected to grow to a projected 1,177 billion dollars"

To express the projected debt in scientific notation, follow these steps:

1. Identify the projected debt figure: $1.177$ trillion dollars.
2. Convert the trillion figure to the equivalent in billions: $1.177$ trillion is the same as $1,177$ billion dollars.
3. Express the value in scientific notation: $1,177$ billion dollars can be written as $1.177 \times 10^{12}$ dollars.

Here's the step-by-step breakdown:

1. **Initial amount in billions:** $1,177$ billion dollars.
2. **Conversion to scientific notation:** $1,177$ billion = $1.177 \times 10^3$ billion (since 1,177 = 1.177 \times 1000, and 1000 = $10^3$).
3. **Final scientific notation:** $1,177$ billion dollars = $1.177 \times 10^3$ billion = $1.177 \times 10^{12}$ dollars.

Therefore, the projected debt in scientific notation is:

\[ 1.177 \times 10^{12} \text{ dollars} \]

Would you like more details or have any questions? Here are some related questions you might find interesting:

1. What is the current US national debt in scientific notation?
2. How do you convert large numbers to scientific notation?
3. What are the advantages of using scientific notation for large numbers?
4. How has the credit card debt trend changed over the past decade?
5. What is the formula for calculating exponential growth of debt?
6. How does the projected debt compare to the US GDP?
7. What are the implications of rising credit card debt on the economy?
8. How can individuals reduce their credit card debt effectively?

**Tip:** When converting large numbers to scientific notation, remember that the exponent indicates how many places the decimal point is moved to convert the number into a value between 1 and 10.

Learn how to convert projected debt figures into scientific notation. This math problem covers the conversion of large numbers, specifically the projected debt of $1.177 trillion, to scientific notation. Suitable for advanced high school students and anyone interested in math and finance.

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