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
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