How long would it take to use up current reserves

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Reference no: EM13212259

world reserves of chromium are about 800 million tons, and current usage is about 2 million tons per year. if growth in demand for chromium increases exponentially at a constant rate of 2.6 percent per year, how long would it take to use up current reserves? suppose the total resource is five times current reserves; if the use rate continues to grow at 2.6 percent, how long would it take to use up the resource?

Reference no: EM13212259

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