Multiple Choice
Solve the problem.
-Suppose that the amount of oil pumped from a well decreases at the continuous rate of 12% per year. When, to the nearest year, will the well's output fall to one-eighth of its present value?
A) 17 years
B) 12 years
C) 26 years
D) 2 years
Correct Answer:
Verified
Correct Answer:
Verified
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