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

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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