SOLUTION: The cost of installing insulation in a particular two-bedroom home is $2400. Present monthly heating costs average $375, but the insulation is expected to reduce heating costs by 4
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Question 439402: The cost of installing insulation in a particular two-bedroom home is $2400. Present monthly heating costs average $375, but the insulation is expected to reduce heating costs by 40%. How many months will it take to recover the cost of the insulation? Answer by shantalboodram(15) (Show Source):
You can put this solution on YOUR website! Insulation costs = $2400.00
Monthly heating costs = $375.00
Heating costs reduced by 40% = $150.00 per month
Therefore, it will take $2400.00/$150.00 months to recover the costs of the insulation.
Hence, number of months = 16.
