Mathematics

Derick Blackburn

15 July, 17:55

A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: Locations Cost of land Cost of equipment Cost of mining and reclamation Time taken to mine the area 1 $100,000 $10,000 $5,000 per day 30 days 2 $35,000 $6,000 $4,500 per day 45 days 3 $30,000 $7,500 $3,500 per day 120 days 4 $40,500 $8,000 $7,000 per day 65 days Which location will cost the least for mining and reclamation at the end of the mining period? Location 1 Location 2 Location 3 Location 4