Chemical Engineering > GATE 2013 > Cost Estimation
The purchase cost of a heat exchanger of 20 m2 area was Rs. 500000 in 2006. What will be the estimated cost (in Rs. to the nearest integer) of a similar heat exchanger of 50 m2 area in the year 2013? Assume the six-tenths factor rule for scaling and the cost index for 2006 as 430.2. The projected cost index for the year 2013 is 512.6.
Correct : 1761619
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