Chemical Engineering > GATE 2025 > Financial Analysis
It is proposed to install thermal insulation in a residence to save on the summer-monsoon season air-conditioning costs. The estimated yearly saving is 20 thousand rupees. The cost of installation of the insulation is 150 thousand rupees. The life of the insulation is 12 years. For a compound interest rate of 9% per annum, the minimum salvage value of the insulation for which the proposal is competitive, is ______ thousand rupees (rounded off to nearest integer).
Correct : 75
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