Suppose the world's oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year: a. Give a linear equation for the remaining oil reserves, \( R \), in terms of \( t \), the number of years since now. b. Seven years from now, what will the oil reserves be? c. If the rate at which the reserves are decreasing is constant, when will the world's oil reserves be depleted?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Suppose the world's oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year:

a. Give a linear equation for the remaining oil reserves, \( R \), in terms of \( t \), the number of years since now.

b. Seven years from now, what will the oil reserves be?

c. If the rate at which the reserves are decreasing is constant, when will the world's oil reserves be depleted?
Transcribed Image Text:Suppose the world's oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year: a. Give a linear equation for the remaining oil reserves, \( R \), in terms of \( t \), the number of years since now. b. Seven years from now, what will the oil reserves be? c. If the rate at which the reserves are decreasing is constant, when will the world's oil reserves be depleted?
Expert Solution
Step 1

a. Let t=0 represents the year 2014 and Rt represents the remaining oil reserves (in billion barrels) t years after 2014.

Here, the slope is -25 and y-intercept is 1820.

Therefore, the remaining oil reserves (in billion barrels) t years after 2014 is,

Rt=-25t+1820

Step 2

b. The remaining oil reserves (in billion barrels) t years after 2014 is,

Rt=-25t+1820

Substitute t=7 in the above equation.

R7=-257+1820=-175+1820=1645

The oil reserves seven years from now will be 1645 billion barrels.

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