First, calculate the power used each day. Use the following formula:
where,
V: voltage = 240V
R: resistor = 16 Ω
Replace the previous values into the formula for P:
Then, consider that the energy used in kWh, each day, is:
And in a year, the energy used is:
And the cost will be:
Hence, the cost to run the heater in one year is 57290.4sen