Answer:
Cost = $ 7.62
Explanation:
First we find the energy consumed by the LED bulb during one year, for six hours a day runtime:
E = Pt
where,
E = Energy Consumed = ?
P = Power = (12 W)(1 KW/ 1000 W) = 0.012 KW
t = time of use = (1 year)(365 days/ 1 year)(6 h/ 1 day) = 2190 h
Therefore,
E = (0.012 KW)(2190 h)
E = 26.28 KWh
Now, we find the cost of running LED:
Cost = (E)(Unit Price)
Cost = (26.28 KWh)($ 0.29/ KWh)
Cost = $ 7.62