You are considering insulating your bedroom to prevent heat loss. You are considering Type A and Type
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Question:
You are considering insulating your bedroom to prevent heat loss. You are considering Type A and Type B insulation. Type A insulation can be installed for Rs. 160, and Type B for Rs. 240. You expect to save Rs. 35 per year in heating and cooling with Type A. If the interest rate is 6%, how much money approximately should you save per year in order to justify Type B insulation if you want to recover your investment in7 years?
Pick the value closest to your answer
a) Rs. 40
b) Rs. 50
c) Rs. 55
d)Rs. 60
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