Suppose the world’s oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year: Give a linear equation for the remaining oil reserves, R,R, in terms of t,t, the number of years since now. Seven years from now, what will the oil reserves be? If the rate at which the reserves are decreasing is constant, when will the world’s oil reserves be depleted?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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Suppose the world’s oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year:

  1. Give a linear equation for the remaining oil reserves, R,R, in terms of t,t, the number of years since now.
  2. Seven years from now, what will the oil reserves be?
  3. If the rate at which the reserves are decreasing is constant, when will the world’s oil reserves be depleted?
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