SOLUTION: The output of a particular producing oil well decreases at the continuous rate of 14% per year. How long it will take for the output to fall to 1/6 of its present output? answer

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Question 864778: The output of a particular producing oil well decreases at the continuous rate of 14% per year. How long it will take for the output to fall to 1/6 of its present output?
answer is 11.9 years

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
ln(1/6)/(-.14) = t = 12.8 years