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A tank with rectangular base and rectangular sides, open at the top is to be constructed so that its depth is 2 m and volume is 8m3. If building of tank cost Rs 70 per square meter for the base and Rs 45 per square meter for sides, what is the cost of least expensive tank?

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Let the length, breath and height of tank be l, b and h respectively. 

Also, 

Assume volume of tank as V 

h = 2 m (given) 

V = 8 cm3 

⇒ lbh = 8 

⇒ 2lb = 8 (given) 

⇒ lb =4 

⇒ b = \(\frac{4}{1}\)…(1) 

Cost for building base = Rs 70/m2 

Cost for building sides = Rs 45/m2 

Cost for building the tank, C = Cost for base + cost for sides 

⇒ C = lb × 70 + 2(l + b) h × 45 

⇒ C = l × \(\frac{4}{I}\) × 70 + 2(l + \(\frac{4}{I}\)) × 2 × 45 

⇒ C = 280 + 180(l + \(\frac{4}{I}\)) …(2) 

Condition for maxima and minima,

⇒ \(\frac{dC}{dI}\) = 0

⇒ 180(1 - \(\frac{4}{I^2}\)) = 0

⇒ \(\frac{4}{I^2}\) = 1

⇒ l2 = 4

⇒ l = ±2 cm

Since, 

l cannot be negative 

So, 

l = 2 cm

\(\frac{d^2c}{dI^2}\) = 180\((\frac{8}{I^3})\)

For l = 2\(\frac{d^2c}{dI^2}\) = 180

⇒ \(\frac{d^2c}{dI^2}\) > 0

Therefore,

Cost will be minimum for l = 2

From equation 2,

C = 280 + 180(l +\(\frac{4}{I}\))

⇒ C = Rs 1000

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