In 2015 China consumed oil at a rate of about 11 million barrels per day, which was increasing by 8% annually. The United States consumed about 19 million barrels per day, with little change from year to year. If these trends hold, how long before China overtakes the United States in oil consumption?

It will take 7 years and 37 days.

Explanation:

Giving the following information:

In 2015 China consumed oil at a rate of about 11 million barrels per day, which was increasing by 8% annually. The United States consumed about 19 million barrels per day, with little change from year to year.

Because we don't have the growing rate of the United States, we will remain 19 million unchanged.

We need to use the following formula:

fv= pv*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n=ln(19,000,000/11,000,000)/ ln(1.08)

n= 7.10

To be more accurate:

0.10*365= 37 days

It will take 7 years and 37 days.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

answer; /// place the thermal compound between the heat sink and the microprocessor;