A 2008 study of 300 oil fields producing a to that daily production was decaying at a cont estimated production in these fields in 2025

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A 2008 study of 300 oil fields producing a total of 84 million barrels per day reported
that daily production was decaying at a continuous rate of 9.1% per year. Find the
estimated production in these fields in 2025 if the decay continues at the same rate.
Transcribed Image Text:A 2008 study of 300 oil fields producing a total of 84 million barrels per day reported that daily production was decaying at a continuous rate of 9.1% per year. Find the estimated production in these fields in 2025 if the decay continues at the same rate.
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