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A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.

A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.
Transcribed Image Text:A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.
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