The Way Professor Waner Drives, He Burns Gas at the Rate

question 7

Multiple Choice

The way Professor Waner drives, he burns gas at the rate of $1 - e ^ { - 3 t }$ gallons each hour, t hours after a fill-up. Find the number of gallons of gas he burns in the first 13 hours after a fill-up. Please round the answer to the nearest gallon.

• A)16 gallons
• B) 11 gallons
• C) 14 gallons
• D) 17 gallons
• E) 13 gallons

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Definitions:

Non-Cash Revenues

Revenues earned by a business for which no cash is received, typically recognized through bartering, trading, or other non-cash exchanges.

Break-Even Time

The period required for a business or investment to generate enough revenue to cover its initial costs, reaching a point where no gain or loss is incurred.

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Payback Period

The amount of time required for an investment to generate cash flows sufficient to recover its initial cost, a measure of an investment's breakeven point in time.