Problema Solution
A diamond mine yields 6.8 million carats in its first year of operation. Since then, the yearly output has decreased by 12%. The owner hopes the mine will produce 50 million carats over its lifetime. If this trend continues, can the mine produce this many carats over its lifetime? What is an upper limit on the total amount of carats produced by the mine over its lifetime?
Answer provided by our tutors
CORRECT ANSWER IS:
YEARLY OUTPUT NOW = 6.8 Million
Decreasing Rate = 12%,
So, Maximum optput = 6.8/0.12 = 56.67 million
so, it can produce more than 50 million carrats