Question

Chyou has heard that gas appliances are cheaper to use and can lower utility costs. She is interested in purchasing a new gas dryer to replace her electric dryer. Assuming that the dryer drys one load per day, use the following chart to determine how much Chyou will save each year in utility costs by purchasing the gas appliance.

Electric Dryer
45 cents per load
Gas Dryer
16 cents per load
a.
$165.25
b.
$105.85
c.
$58.40
d.
$47.45

Answer 1

Savings per load = $0.45 − $0.16 = $0.29.
Yearly savings = $0.29 × 365 = $105.85.

Answer: b. $105.85