ABC Pump XYZ Pump Purchase price $2,900 $6,200 Maintenance cost $170 $510 Efficiency 80% 90%

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Two pumps capable of delivering 100 hp to an agricultural application are being evaluated in a present economy study. The selected pump will only be utilized for one year, and it will have no market value at the end of the year. Pertinent data are summarized as given follows. If electric power costs $0.10 per kWh and the pump will be operated 4,000 hours per year, which pump should be chosen? Recall that 1 hp = 0.746 kW.

ABC Pump XYZ Pump
Purchase price
$2,900
$6,200
Maintenance cost
$170
$510
Efficiency
80%
90%
Transcribed Image Text:ABC Pump XYZ Pump Purchase price $2,900 $6,200 Maintenance cost $170 $510 Efficiency 80% 90%
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ISBN:
9781337282291
Author:
Ron Larson
Publisher:
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