Solved: Total world consumption of iron was approximately 794 106, Mathematics

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Total world consumption of iron was approximately 794 106

Question: Total world consumption of iron was approximately 794 · 10⁶ tons in 1971. If consumption had increased by 5% each year and the resources available for mining in 1971 were 249 · 109 tons, how much longer would the world's iron resources have lasted?

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Mathematics: Total world consumption of iron was approximately 794 106

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