The world’s total consumption of natural gas was 1824 million tons oil equivalent (mtoe) in 1994. The reserves at the end of that year were estimated to be 128 300 mtoe. If consumption had increased by 2% in each of the coming years, and no new sources were ever discovered, how much longer would these reserves have lasted?
The world’s total consumption of natural gas was 1824 million tons oil equivalent (mtoe) in 1994. The reserves at the end of that year were estimated to be 128 300 mtoe. If consumption had increased by 2% in each of the coming years, and no new sources were ever discovered, how much longer would these reserves have lasted?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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The world’s total consumption of natural gas was 1824 million tons oil equivalent (mtoe) in 1994. The reserves at the end of that year were estimated to be 128 300 mtoe. If consumption had increased by 2% in each of the coming years, and no new sources were ever discovered, how much longer would these reserves have lasted?
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