A 60-hp electric motor (a motor that delivers 60 hp of shaft power at full load) that has an efficiency of 89.0 percent is worn out and is to be replaced by a 93.2 percent efficient high-efficiency . The motor operates 3500 hours a year at full load. Taking the unit cost of electricity to be $0.08/kWh, determine the amount of energy and money saved as a result of installing the high-efficiency motor instead of the standard motor. Also, determine the simple payback period if the purchase prices of the standard and high-efficiency motors are $4520 and $5160, respectively.

College Physics
11th Edition
ISBN:9781305952300
Author:Raymond A. Serway, Chris Vuille
Publisher:Raymond A. Serway, Chris Vuille
Chapter1: Units, Trigonometry. And Vectors
Section: Chapter Questions
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A 60-hp electric motor (a motor that delivers 60 hp of shaft power at full
load) that has an efficiency of 89.0 percent is worn out and is to be replaced
by a 93.2 percent efficient high-efficiency . The motor
operates 3500 hours a year at full load. Taking the unit cost of electricity to
be $0.08/kWh, determine the amount of energy and money saved as a result
of installing the high-efficiency motor instead of the standard motor. Also,
determine the simple payback period if the purchase prices of the standard
and high-efficiency motors are $4520 and $5160, respectively.

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