Freeport McMoran purchased two model MTVS peristaltic pumps (to inject sulfuric acid and King Lee antiscalant) for use at its nanofiltration water conditioning plant. The cost of the pumps was $950 each. If the chemical cost is $11 per day, determine the equivalent cost per month at an interest rate of 12% per year, compounded monthly. Assume 30 days per month and a 3-year pump life

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Nanomaterials and Applications

Nanomaterials are materials that are composed of nanoparticles having a size ranging from 1 to 100 nm. The constituent particles are 100,000 times smaller than the thickness of a strand of human hair. The nanoparticles cannot be seen through naked eyes and require very high-resolution microscopes. Here, 'nm' stands for nanometer. These materials can occur naturally or can be artificially made. Artificially made nanomaterials are often called lab-engineered nanomaterials. Nanomaterials are extensively used in electronics, medical, aerospace, and other industries.