Math Problem Statement

A small country emits 70,000 kilotons of carbon dioxide per year. In a recent global agreement, the country agreed to cut its carbon emissions by 2% per year for the next 14 years. In the first year of the agreement, the country will keep its emissions at 70,000 kilotons and the emissions will decrease 2% in each successive year. How many total kilotons of carbon dioxide would the country emit over the course of the 14 year period, to the nearest whole number?

Solution

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Math Problem Analysis

Mathematical Concepts

Geometric Series
Percentage Decrease
Exponential Decay

Formulas

Geometric Series Sum: S = a * (1 - r^n) / (1 - r)
Percentage Decrease Formula: E_n = E_0 * (1 - rate)^n

Theorems

Geometric Series Theorem

Suitable Grade Level

Grades 9-12