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Problem 9.3 The cost of a solar PV street lighting system is Rs. 45000. The cost of conventional energy saved due to its installation is Rs. 4500 in the first year and this cost inflates at the rate of 6 per cent per year. Calculate the payback period, with and without discounting of the system. Take a discount rate 10 per cent.

Problem 9.3 The cost of a solar PV street lighting system is Rs. 45000. The cost of conventional energy saved due to its installation is Rs. 4500 in the first year and this cost inflates at the rate of 6 per cent per year. Calculate the payback period, with and without discounting of the system. Take a discount rate 10 per cent.

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
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Problem 9.3 The cost of a solar PV street lighting system is Rs. 45000. The cost of conventional energy saved due to its installation is Rs. 4500 in the first year and this cost inflates at the rate of 6 per cent per year. Calculate the payback period, with and without discounting of the system. Take a discount rate 10 per cent.
Transcribed Image Text:Problem 9.3 The cost of a solar PV street lighting system is Rs. 45000. The cost of conventional energy saved due to its installation is Rs. 4500 in the first year and this cost inflates at the rate of 6 per cent per year. Calculate the payback period, with and without discounting of the system. Take a discount rate 10 per cent.
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