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Find daily world oil consumption

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Reference no: EM13848278

World oil consumption can be estimated to be approximately 75.747 million barrels per day in 2002 and to be increasing at approximately 0.29 percent per year. Let Cn be the daily world oil consumption (in millions of barrels per day) n years after 2002.

A. Find a formula for Cn:Cn=

B. Find Cn-Cn-1:Cn-Cn-1=

(Be sure that you can interpret what this difference means in practical terms.)

Reference no: EM13848278

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