Chemical Engineering > GATE 2023 > Plant Design and Economics
The purchase cost of a new distillation column is Rs.10 lakhs with an installation
factor of 5.8. The cost of the capital is to be annualized over a period of 6 years at
a fixed rate of interest of 5 % per annum, compounded annually. The annual cost
(in lakhs of rupees) of the installed capital is _______ (rounded off to one decimal
place).
Correct : 1.8
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