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Applications and ExamplesOil depletion Suppose the amount
Chapter 7, Problem 35E(choose chapter or problem)
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?
Questions & Answers
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?
ANSWER:
SOLUTION:
Step 1 of 3:
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.