The clothes washer in your house consumes 470 kWh of energy per year. Price of the washer is $360 and the lifetime of the washer is 10 yrs. Energy price in your city is 9 cents per kWh. What is the lifecycle cost of the clothes washer?

$893

Explanation: the complete question should be

The clothes washer in your house consumes 470 kWh of energy per year. Price of the washer is $360 and the lifetime of the washer is 10 yrs. Energy price in your city is 9 cents per kWh. What is the lifecycle cost of the clothes washer? (assume a maintenance cost of $11 per year)

SOLUTION

Given:

The clothes washe power consumption (PC) is 470 kWh

Price of the washer (P) is $360

lifetime of the washer (L) is 10 yrs

Energy price in the city (E) is 9 cents per kWh (Covert to $ by dividing 100)

maintenance cost (M) is $11 per year

Lifecycle cost = P + (PC × L × E) +M + L

Lifecycle cost = $360 + (470kWh × 10years × 9cents/100) + ($11 × 10years)

=$893