Prospectors are drilling for oil. The cost of Drilling to a depth of 50m is £500. To Drill a further 50m costs £640 and, hence, the total cost of drilling to a depth of 100m is £1140. Each subsequent extra depth of 50m costs £140 more to drill than the previous 50m.
a) Show that the cost of drilling to a depth of 500m is £11300.
b) The total sum of money available for drilling is £76000. Find, to the nearest 50m, the greatest depth that can be drilled.