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How can the cost of electricity consumed in a house be calculated?

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Ans. The electric meter installed in our houses measures the consumption of electric energy in the units of kilowatt-hour according to which we pay our electricity bills. If the cost of one kilowatt-hour i.e. one unit is known, we can calculate the amount of electricity bill by the following formula:
Cost of electricity = number of units consumed x cost of one unit _ watt x time(in hours)
1000
x cost of one unit

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