Chemical Engineering > GATE 2022 > Plant Economics
A compressor with a life of 10 years costs Rs 10 lakhs. Its yearly operating cost is Rs 0.5 lakh. If the annual compound interest rate is 8%, the amount needed at present to fund perpetual operation of the compressor is Rs _________ lakhs (rounded to first decimal place).

Correct : 24.8

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perpetual operation compressor chemical engineering GATE 2022 compressor life cost annual operating cost compound interest chemical chemical engineering finance present value perpetual GATE chemical engineering 2022 compressor funding present value

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