document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=138589>Question 138589</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The price of a barrel of crude oil in 1998 was $25. By 2004, the price had increased to $54 per barrel. Assuming oil prices exhibit exponential growth, what year will the price of oil be $123 per barrel? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #101140 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=101140\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> TRIED TRUNCATING THE 4.8333 TO 4.8 & IT MAKES IT 26 YEARS INSTEAD OF 25.<BR>\n" );
document.write( "AFRAID ROUNDING WONT WORK. SORRY<BR>\n" );
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document.write( "(54-25)/(2004-1998)=29/6=4.8333 is the increase per year.<BR>\n" );
document.write( "thus to get to $123 per barrel:<BR>\n" );
document.write( "123/4.8333=25 years or 1998+25=2023 the year the price is projected to be $123 per barrel. </SPAN>\n" );
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