Business, 11.02.2020 18:02, liv696

It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.08 per gallon from selling E85 and sells an average of $20,000 gallons of E85 per month, how many months will it take for the owner to recoup their $30,000 investment in the retrofitted pumps?the interest rate is 1% per month?

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It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispen...