Solved

A 420-Ft Oil Well Is to Be Drilled

Question 193

Multiple Choice

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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