Let l, b and h be the length, breadth and height of the tank, respectively.
Height, h = 2 m
Volume of the tank = 8 m3
Volume of the tank = l × b × h
∴ l × b × 2 = 8
Area of the base = lb = 4 m2
Area of the 4 walls, A= 2h (l + b)
However, the length cannot be negative.
Thus,
l = 2 m
Thus, the area is the minimum when l = 2 m
We have
l = b = h = 2 m
∴ Cost of building the base = Rs 70 × (lb) = Rs 70 × 4 = Rs 280
Cost of building the walls = Rs 2h (l + b) × 45 = Rs 90 (2) (2 + 2)= Rs 8 (90) = Rs 720
Total cost = Rs (280 + 720) = Rs 1000
Hence, the total cost of the tank will be Rs 1000.
Disclaimer: The solution given in the book is incorrect. The solution here is created according to the question given in the book.