Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Answer:
V' = -0.11552 *V\\= -0.11552(1.8)\\ \\=-0.20794 million per year
Step-by-step explanation:
Given that oil is pumped continuously from a well at a rate proportional to the amount of oil left in the well. Initially there were 3 million barrels of oil in the well; six years later 1,500,000 barrels remain.
i.e. if V stands for volume of oil, then
To find A and k
V(0) = A = 3 million
Hence V =
V(6) = 1.5
i.e.
a) Using the above value of k , we have
million per year.