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Suppose the World Demand for Cobalt Is About 16,360,000 Pounds

Question 39

Essay

Suppose the world demand for cobalt is about 16,360,000 pounds per year and the static reserve is 110. The demand for cobalt is increasing at a rate of 1.5%. What is the exponential reserve for cobalt?
A)
21.62
B)
35.81
C)
65.47
D)
96.55

Correct Answer:

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