Suppose the Spread of an Oil Leak from a Tanker

question 6

Multiple Choice

Suppose the spread of an oil leak from a tanker can be approximated by a circle with the tanker at its center and radius r, in feet. The radius of the spill t hours after the beginning of the leak is given by Find the area of the spill after 3 h. Round to the nearest whole number.

• A) 38,708 ft²
• B) 38,785 ft²
• C) 12,321 ft²
• D) 1046 ft²
• E) 697 ft²

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Definitions:

Secondary Markets

Financial markets where previously issued securities and financial instruments such as stock, bonds, options, and futures are bought and sold.

Call Provisions

Call provisions are clauses in bond contracts that allow the issuer the option to repay the bond before its maturity date under specific conditions.

Issuing Company

A company that offers its securities for sale to the public, typically through a stock exchange.

Market Interest Rates

The prevailing rates at which borrowers can obtain money from lenders in the market, influenced by supply and demand, inflation, and other economic factors.