operates 4,430 hours a year. Taking the cost of electri

Introductory Circuit Analysis (13th Edition)
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Author:Robert L. Boylestad
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A 57.87-hp motor that has an efficiency of 92.84% is soon to be obsolete. It will be replaced by a high efficiency motor which is 96.7% efficient. The motor operates 4,430 hours a year. Taking the cost of electricity to be Php 9.18 per kWh, compute the annual savings due to the installation of the high efficiency motor instead of the standard motor. Round your answer in 2 decimal places only.

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