The annual amount of crude-oil production in a country (in millions of barrels) can be approximated by the function f(t) = 876(1.092)', where t= 8 corresponds to the year 2008. (a) Find the amount of production in 2010. (b) If the trend continues, find the amount of production in 2018. (a) The amount of production in 2010 was million barrels. (Round to the nearest whole number as needed.)

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
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The annual amount of crude-oil production in a country (in millions of barrels) can be approximated by the function f(t) = 876(1.092)',
where t= 8 corresponds to the year 2008.
(a) Find the amount of production in 2010.
(b) If the trend continues, find the amount of production in 2018.
(a) The amount of production in 2010 was million barrels.
(Round to the nearest whole number as needed.)
Transcribed Image Text:The annual amount of crude-oil production in a country (in millions of barrels) can be approximated by the function f(t) = 876(1.092)', where t= 8 corresponds to the year 2008. (a) Find the amount of production in 2010. (b) If the trend continues, find the amount of production in 2018. (a) The amount of production in 2010 was million barrels. (Round to the nearest whole number as needed.)
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