CEA Practice Test 15

10 free CEA practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

CEA Practice Test 15Tutor mode

Question 1 of 10

Economic Analysis

An electric delivery van costs $18,000 more than a diesel van. Each would travel 20,000 mi/yr. The diesel van gets 16 mpg on $4.00/gal fuel; the electric van uses 0.40 kWh/mi at $0.15/kWh and saves $800/yr in maintenance. Calculate the simple payback of the incremental cost.