Gaurav J. answered 02/22/23
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You have calculated that the potential energy lost by the falling water every second is 3.43 x 10^9 J.
To determine the yearly income from selling this energy, we need to convert the energy from joules to kilowatt-hours, and then multiply by the industrial rate of 11.7 cents per kilowatt-hour.
1 kilowatt-hour (kWh) = 3,600,000 joules (J)
Converting the energy loss to kilowatt-hours:
Energy loss per second = 3.43 x 10^9 J
Energy loss per hour = 3.43 x 10^9 J/s × 3600 s/h = 1.2348 x 10^13 J/h
Energy loss per year = 1.2348 x 10^13 J/h × 8760 h/year = 1.079 x 10^17 J/year
Converting to kilowatt-hours:
Energy loss per year = 1.079 x 10^17 J/year ÷ 3,600,000 J/kWh = 2.9983 x 10^10 kWh/year
Multiplying by the industrial rate:
Income per year = 2.9983 x 10^10 kWh/year × $0.117/kWh = $3.51 x 10^9/year
Therefore, the utility company's yearly income from selling the potential energy lost by the falling water at Niagara Falls would be $3.51 billion.