Math Problem Statement
Experts claim there is enough coal left in the world for at least another 400 yrs at current rates of consumption. Estimate how long the coal would last if its annual usage rate increases by 5% and by 10% per year.
Solution
To estimate how long the coal reserves would last with annual consumption increasing by 5% and 10%, we can model the problem using exponential growth. The general formula for consumption growing at a constant rate is:
Where:
- is the total coal consumed after years,
- is the initial annual consumption,
- is the growth rate (in decimal form, i.e., 0.05 for 5% and 0.10 for 10%),
- is the number of years.
However, since we want to calculate the time it would take for the coal reserves to be depleted, we need to use a different approach. We are given:
- , where is the total amount of coal remaining (assuming 400 years' worth at current consumption),
- We need to find how long the coal lasts if consumption increases at a rate .
The depletion time can be calculated using the formula for the sum of a geometric progression since the annual consumption increases geometrically. The total amount consumed over years with a growth rate is given by:
Solving for :
Since , the formula simplifies to:
Let's calculate for both 5% () and 10% () growth rates. I'll compute the results next.If the annual coal consumption increases by:
- 5% per year, the coal reserves would last approximately 62.4 years.
- 10% per year, the coal reserves would last approximately 39 years.
These numbers show that a significant increase in the consumption rate dramatically reduces the lifespan of the coal reserves.
Would you like further clarification on any of these calculations or concepts?
Here are five related questions for further exploration:
- How would coal consumption change if the growth rate was reduced to 2% annually?
- How does a compounding consumption rate differ from a constant rate?
- What factors could lead to a reduction in coal usage growth rates?
- How can technological advancements impact coal depletion?
- What are the environmental implications of accelerating coal consumption?
Tip: In exponential growth scenarios, even small changes in the growth rate can have a major impact over time!
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Geometric Progression
Logarithms
Formulas
Exponential Growth Formula: C(t) = C_0(1 + r)^t
Geometric Progression Sum Formula: R_0 = C_0 * ((1 + r)^T - 1) / r
Depletion Time Formula: T = log(1 + (R_0 * r) / C_0) / log(1 + r)
Theorems
Logarithmic Properties
Geometric Series Sum Formula
Suitable Grade Level
Grades 11-12
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