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(a) Use the equation given below to estimate the time that oil reserves will last with a 1.3% annual growth in world oil consumption. How

(a) Use the equation given below to estimate the time that oil reserves will last with a 1.3% annual growth in world oil consumption. How would the time estimate change if the growth rate (b) increased to 3% or (c) became negative at 1%, indicating a decline in consumption?

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t=rln(rC/N0+1)

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