Robert is going to invest $640 and leave it in an account for 20 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a percent, would be required in order for Robert to end up with \$1,280 ?
Answer: 440 grams for 1.54 is the better value
Explanation:
Take the price and divide by the number of grams
1.54 / 440 =0.0035 per gram
1.26 / 340 =0.003705882 per gram
0.0035 per gram < 0.003705882 per gram