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Oil consumption is increasing at a rate of 1.8% per year. by what factor will oil consumption increase inn 6 years? Use the approximate doubling time formula (rule of 70)
[tex] \frac{70}{1,8} \approx 38.8 \ \ \ \ \ \rightarrow \ the \ amount \ of \ time \ to \ double \ the \ consumption \\ \\
38,8 - 100\% \\ 6 - x \\
38,8 x = 600\% \\x \approx 15.5\% \\ \\
In \ six \ years \ oil \ consumption \ will \ increase \ by \ approximately \ 15.5\%[/tex]
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