Knowee
Questions
Features
Study Tools

Scott has just spent £6160 on solar cells to go on his roof.In the first year they saved him £560 on his electricity bill.Calculate the total payback time of the solar cells.Payback time = _____ years

Question

Scott has just spent £6160 on solar cells to go on his roof.In the first year they saved him £560 on his electricity bill.Calculate the total payback time of the solar cells.Payback time = _____ years

🧐 Not the exact question you are looking for?Go ask a question

Solution

To calculate the payback time, you need to divide the total cost of the solar cells by the annual savings on the electricity bill.

Step 1: Identify the total cost of the solar cells. In this case, it is £6160.

Step 2: Identify the annual savings on the electricity bill. In this case, it is £560.

Step 3: Divide the total cost by the annual savings to find the payback time.

So, £6160 ÷ £560 = 11 years

Therefore, the payback time of the solar cells is 11 years.

This problem has been solved

Similar Questions

The payback time for the solar cells pictured was originally calculated to be 8.5 years.Complete the sentence:Possible Answersmore light can reach the cellsincreasedecreaseless light can reach the cellsit will damage the cellshave no impact onI DON'T KNOWRESETSUBMIT ANSWER

Martin spent $68 on a new drone that he had been saving for. Now, he has $41 left in his savings jar. Click the equation that could be used to find the total of his savings, s, before he bought the drone.How many dollars did Martin have saved before he bought the drone? dollars

Initial cost = £1440Saving = £120 each yearCalculate the payback time.Payback time = _____ years

The farmer’s monthly electricity bill to the power company using the mains electricity supply was £400.The biogas generator for the farm would cost £20 000 to buy and install.Assuming the biogas generator provides all of the electricity requirements for the farm, what is the pay-back time for the generator?Payback time = _____ months

Henry is building an in-ground pool at his house. He is doing most of the work himself to save money. To dig the pool, he rents a small backhoe for $95.50 a day. If his total bill comes to $286.50, for how many days does he rent the backhoe?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.