Let l,b,h be the length, breadth and height of the tank respectively.
Then h=2 m
And, volume of tank =8 m3
⇒l×b×h=8⇒l×b=4⇒b=4l
Now, area of the base =lb=4
And, area of the walls =2lh+2bh=2h(l+b)
Therefore, total area is
A=2h(l+b)+lb⇒A=4(l+4l)+4
Differentiating A with respect to l, we get
dAdl=4(1−4l2)+0
Now, putting dAdl=0, we get
4(1−4l2)=0⇒1−4l2=0⇒l2=4
⇒l=2 [Since length can't be negative]
l=2⇒b=4l=2
d2Adl2=32l3
At l=2,d2Adl2=328=4>0
Therefore, by second derivative test, area is minimum when l=2.
So, we get l=b=h=2
Therefore, cost of building base =70×lb=70×4= Rs. 280
Cost of building walls =45×(2h(l+b))=45×4×4= Rs. 720
Therefore, least cost of tank is Rs. 280+720= Rs. 1000