The price per barrel of crude oil in the period 1980 2013 in

Last updated: 4/14/2023

The price per barrel of crude oil in the period 1980 2013 in constant 2014 dollars can be approximated by P t 0 27t 8 6t 93 dollars 0 t 33 where t is time in years since the start of 1980 Find P t and P 31 P t P 31 per year What does the second answer tell you about the price of crude oil Hint See Example 2 The price of a barrel of crude oil was increasing at a rate of per year in