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Problem 5 - Entrance Test
Algerian oil production declines exponentially: P(t)=120e^(–0.03t) million tonnes per year. In how many years will production drop below 50 million tonnes?
A. 27 years
B. 29 years
C. 31 years
D. 33 years
Check Answer
Show Solution
Correct: B
Solve 120e^(–0.03t)=50 → t=–ln(5⁄12)⁄0.03≈29.2 years.