Answer:
[tex]Savings = $0.709[/tex]
Explanation:
Energy consumed by 11 W energy efficient fluorescent bulb is given as
[tex]E = Power \times time[/tex]
now we can say
[tex]E = 11 \times 220h[/tex]
[tex]E = 2.42 kWh[/tex]
now total cost of the energy used is given as
[tex]Amount = 2.42 \times $0.111[/tex]
[tex]Amount = $0.268[/tex]
Now for conventional 40 W bulb we can say
[tex]E = Power \times time[/tex]
now we can say
[tex]E = 40.0 \times 220h[/tex]
[tex]E = 8.8 kWh[/tex]
now total cost of the energy used is given as
[tex]Amount = 8.8 \times $0.111[/tex]
[tex]Amount = $0.977[/tex]
So total money saving is given as
[tex]Savings = $0.977 - $0.268[/tex]
[tex]Savings = $0.709[/tex]