Chemical Engineering > GATE 2019 > Equipment Costing
Consider two competing equipment A and B. For a compound interest rate of 10% per annum, in order for equipment B to be the economically cheaper option, its minimum life (in years) is ______ (rounded off to the next higher integer).

Correct : 8

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compound interest chemical engineering GATE Chemical Engineering 2019 equipment comparison minimum life equipment economic comparison chemical engineering gate compound interest years GATE 2019 question 64

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