During 2012, global oil consumption grew by 0.7%, to reach

Chapter , Problem 13.1.34

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During 2012, global oil consumption grew by 0.7%, to reach 88 million barrels per day.2 Assume that it continues to increase at this rate. (a) Write the first four terms of the sequence giving daily oil consumption years after 2011; give a formula for the general term . (b) In what year is consumption expected to exceed 100 million barrels a day?

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