Applications and ExamplesOil depletion Suppose the amount

Chapter 7, Problem 35E

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QUESTION:

Problem 35E

Applications and Examples

Oil depletion Suppose the amount of oil pumped from one of the canyon wells in Whittier, California, decreases at the continuous rate of 10% per year. When will the well’s output fall to one-fifth of its present value?

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QUESTION:

Problem 35E

Applications and Examples

Oil depletion Suppose the amount of oil pumped from one of the canyon wells in Whittier, California, decreases at the continuous rate of 10% per year. When will the well’s output fall to one-fifth of its present value?

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SOLUTION:

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In this question, suppose the amount of oil pumped from one of the canyon wells in Whittier, California, decreases at the continuous rate of 10% per year. Find when will the well’s output fall to one-fifth of its present value.

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