Answer
$SPP=0.6years$
Work Step by Step
The money saved is:
$Money=1500\frac{dollars}{year}*0.10=150\frac{dollars}{year}$
Then the simple paybach period is:
$SPP=\frac{$90}{150\frac{dollars}{year}}=0.6years$
Thermodynamics: An Engineering Approach 8th Edition
by Cengel, Yunus; Boles, Michael
Published by
McGraw-Hill Education
ISBN 10:
0-07339-817-9
ISBN 13:
978-0-07339-817-4
Chapter 2 - Energy, Energy Transfer, and General Energy Analysis - Problems - Page 105: 2-113
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