Michael J. answered 12/01/16
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Effective High School STEM Tutor & CUNY Math Peer Leader
The formula for the volume.
V = πr2h
Therefore,
πr2h = 40 eq1
The formula for surface area.
SA = 2πr2 + 2πrh
If we consider the cost in the surface area, we obtain the cost formula
C = 0.04(πr2 + 2πrh) + 0.01πr2
C = 0.04πr2 + 0.08πrh + 0.01πr2
C = 0.05πr2 + 0.08πrh eq2
Your formula was correct, but the number should be decimal values because you want your cost to be in the form of dollars and cents. For example, 5 cents is the same as $0.05
Substitute the eq1 into equ2 so that eq2 is in terms of only r.
C = 0.05πr2 + 0.08πr(40/πr2)
C = 0.05πr2 + 3.2r-1
Now all you have to do is set the derivative of C equal to zero. Then solve for r. When you have solved for r, evaluate the derivative around the point. You want the derivative to change from negative to positive. Also, your r should be positive. That will be the value of r for least cost.
Once you have your value of r, plug it into the volume equation to solve for h.