Real-World Applicationsmedium
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A natural gas well has reserves of 500500 million cubic feet. The annual production decline is modeled by Q(t)=500e0.08tQ(t) = 500e^{-0.08t}, where tt is in years. How many years (to the nearest year) will it take for the reserves to drop to 200200 million cubic feet? (Use ln(0.4)0.9163\ln(0.4) \approx -0.9163)