A 420-ft oil well is to be drilled. The cost of drilling first foot is $14.00, and the cost of drilling each additinal foot is $4.42 more than that of the preceding foot. Find the cost of drilling the entire 380 ft. Round your answers to nearest integer.
A) The cost of drilling the entire 380 ft is $325,530.
B) The cost of drilling the entire 380 ft is $320,773.
C) The cost of drilling the entire 380 ft is $321,876.
D) The cost of drilling the entire 380 ft is $323,604.
E) The cost of drilling the entire 380 ft is $324,676.
Correct Answer:
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