Farm A has a 100 ft well that uses 7,000 cubic feet of natural gas per year. If the cost of natural gas is $2.50 per 1,000 cubic feet, what is the annual cost to operate this well?

Respuesta :

The annual cost of operating the well is $17.5

Data obtained from the question

  • Cost per 1000 ft³ =  $2.50
  • Cost for 7000 ft³ =?

How to determine the cost of running 7000 ft³ annually.

Using the above conversion scale, we can simply obtain the cost of running 7000 ft³ annually as illustrated below:

Cost per 1000 ft³ =  $2.50

Therefore,

Cost for 7000 ft³ = (7000 × 2.5) / 1000

Cost for 7000 ft³ = $17.5

Thus, $17.5 is needed to operate the well annually.

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