What was the amount of inventory last year to nearest tenth?
miko asked:
Fuel inventories were lower than last year according to the San Francisco Chronicle dated February 24, 2007. This year there are 46.0 million barrels of inventory, a 11.92 percent drop.
a) What was the amount of inventory last year to nearest tenth?
Fuel inventories were lower than last year according to the San Francisco Chronicle dated February 24, 2007. This year there are 46.0 million barrels of inventory, a 11.92 percent drop.
a) What was the amount of inventory last year to nearest tenth?
(b) What was the amount of the decrease?
Danielle
February 28th, 2009 at 8:48 pm
a) 46 / (1 - 0.1192) = 52.2 million
b) the amount of the decrease = 52.2 - 46 = 6.2 millionn barrels