Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The flow-rate of yourcurrent sink faucet is2.1 gallons per minute. If you purchase a fancy low-flow faucet for $285, the flow rate would decrease by

The flow-rate of yourcurrent sink faucet is2.1 gallons per minute. If you purchase a fancy low-flow faucet for $285, the flow rate would decrease by 30%. Assumingyou use your faucet for an average of 1,168 minutes per month and water costs $0.006 per gallon, compute the payback period (in months) of such a purchase.

Round your answer to the nearest tenth of a month (tenthplace).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Mathematics

Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller

12th Edition

0135109787, 9780135109786

More Books

Students also viewed these Finance questions

Question

What are the main factors that contributed to Banyan Trees success?

Answered: 1 week ago

Question

Who is present when I give in to my bad habit?

Answered: 1 week ago

Question

2. It is the results achieved that are important.

Answered: 1 week ago

Question

7. One or other combination of 16.

Answered: 1 week ago