From the beginning of the year 2000, the annual world demand for oil has increased. To account for this increased demand, the rate at which oil is produced is D(t) = 4.64e0.0St billions of barrels per year where t is the number of years since the beginning 2000. [A] How much oil was produced between the beginning of year 2000 through 2010? billions of barrels [B] In how many years from the beginning of the year 2000 will it take for the oil reserves to be depleted if there is an estimated total of 21,500 billions of barrels of oil available. years

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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From the beginning of the year 2000, the annual world demand for oil has increased. To account for this
increased demand, the rate at which oil is produced is D(t) = 4.64e0.08ť billions of barrels per year where
t is the number of years since the beginning 2000.
[A] How much oil was produced between the beginning of year 2000 through 2010?
billions of barrels
[B] In how many years from the beginning of the year 2000 will it take for the oil reserves to be depleted if
there is an estimated total of 21,500 billions of barrels of oil available.
years
Transcribed Image Text:From the beginning of the year 2000, the annual world demand for oil has increased. To account for this increased demand, the rate at which oil is produced is D(t) = 4.64e0.08ť billions of barrels per year where t is the number of years since the beginning 2000. [A] How much oil was produced between the beginning of year 2000 through 2010? billions of barrels [B] In how many years from the beginning of the year 2000 will it take for the oil reserves to be depleted if there is an estimated total of 21,500 billions of barrels of oil available. years
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