A Heater Uses 20 a When Used in a 110-V

question 38

Multiple Choice

A heater uses 20 A when used in a 110-V line. If electric power costs 10 cents per kilowatt hour, the cost of running the heater for 10 hours is

• A) $5.50.
• B) $2.20.
• C) $0.55.
• D) $0.22.
• E) none of these

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Definitions:

Investment Project

A project in which funds are allotted with the aim of generating financial returns.

Overhauled

Describes a comprehensive inspection, dismantling, and reassembly of equipment or a system, often to restore it to optimal working condition.

New System

A term referring to the introduction or implementation of a novel set of procedures, technologies, or methodologies in an organizational setting.

Discount Rate

The interest rate used to discount future cash flows to their present value, often reflecting the riskiness of the investment or the cost of capital.