Question

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)

Answer 1

Answertion:100 it is

Answer 2

`(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\%`