Solve the Problem. -Suppose That the Amount of Oil Pumped from a Well

question 47

Multiple Choice

Solve the problem.
-Suppose that the amount of oil pumped from a well decreases at the continuous rate of 12% per year. When, to the nearest year, will the well's output fall to one-eighth of its present value?

• A) 17 years
• B) 12 years
• C) 26 years
• D) 2 years

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