Chemical Engineering > GATE 2010 > Cost Estimation
A reactor needs to be lined with a corrosion resistant lining. One type of lining costs Rs. 5 lakhs, and is expected to last for 2 years. Another type of lining lasts for 3 years. If both choices have to be equally economical, with the effective interest rate being 18%, compounded annually, the price one should pay for the second type of lining is
Correct : c
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