Key Concept: LED lamps, Energy efficiency, Environmental impact
b) \$1,095,000
[Solution Description]
First, calculate the power consumed by incandescent bulbs annually:
$100,000 \times 60 \text{ W} = 6,000,000 \text{ W} = 6000 \text{ kW}$
Daily energy consumption: $6000 \text{ kW} \times 5 \text{ h} = 30,000 \text{ kWh}$
Annual energy consumption: $30,000 \text{ kWh/day} \times 365 \text{ days} = 10,950,000 \text{ kWh}$
Now, calculate for LED bulbs:
$100,000 \times 10 \text{ W} = 1,000,000 \text{ W} = 1000 \text{ kW}$
Daily energy consumption: $1000 \text{ kW} \times 5 \text{ h} = 5000 \text{ kWh}$
Annual energy consumption: $5000 \text{ kWh/day} \times 365 \text{ days} = 1,825,000 \text{ kWh}$
Energy saved: $10,950,000 - 1,825,000 = 9,125,000 \text{ kWh}$
Cost saving: $9,125,000 \text{ kWh} \times 0.12 \text{ \$/kWh} = \$1,095,000$
Your Answer is correct.
b) \$1,095,000
[Solution Description]
First, calculate the power consumed by incandescent bulbs annually:
$100,000 \times 60 \text{ W} = 6,000,000 \text{ W} = 6000 \text{ kW}$
Daily energy consumption: $6000 \text{ kW} \times 5 \text{ h} = 30,000 \text{ kWh}$
Annual energy consumption: $30,000 \text{ kWh/day} \times 365 \text{ days} = 10,950,000 \text{ kWh}$
Now, calculate for LED bulbs:
$100,000 \times 10 \text{ W} = 1,000,000 \text{ W} = 1000 \text{ kW}$
Daily energy consumption: $1000 \text{ kW} \times 5 \text{ h} = 5000 \text{ kWh}$
Annual energy consumption: $5000 \text{ kWh/day} \times 365 \text{ days} = 1,825,000 \text{ kWh}$
Energy saved: $10,950,000 - 1,825,000 = 9,125,000 \text{ kWh}$
Cost saving: $9,125,000 \text{ kWh} \times 0.12 \text{ \$/kWh} = \$1,095,000$