Light emitting diode (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.40 and lasts for 1,000 hours. A 15 - watt LED, which provides the same light, costs $3.15 and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1 hour. Suppose you have a residence with a lot of incandescent bulbs that are used on average 500 hours a year. The average bulb will be about halfway through its life, so it will have 500 hours remaining (and you can't tell which bulbs are older or newer). If you require a return of 10 percent, at what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today? (A
Light emitting diode (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.40 and lasts for 1,000 hours. A 15 - watt LED, which provides the same light, costs $3.15 and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1 hour. Suppose you have a residence with a lot of incandescent bulbs that are used on average 500 hours a year. The average bulb will be about halfway through its life, so it will have 500 hours remaining (and you can't tell which bulbs are older or newer). If you require a return of 10 percent, at what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today? (A
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Light emitting diode (LED) light bulbs have become required in recent years, but
do they make financial sense? Suppose a typical 60-watt incandescent light bulb
costs $.40 and lasts for 1,000 hours. A 15 - watt LED, which provides the same
light, costs $3.15 and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1
hour. Suppose you have a residence with a lot of incandescent bulbs that are
used on average 500 hours a year. The average bulb will be about halfway
through its life, so it will have 500 hours remaining (and you can't tell which bulbs
are older or newer). If you require a return of 10 percent, at what cost per
kilowatt-hour does it make sense to replace your incandescent bulbs today? (A
negative answer should be indicated by a minus sign. Do not round intermediate
calculations and round your answer to 6 decimal places, e.g., 32.161616.)
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