Franklin Credit Union pays 5% interest, compounded daily, from the date of deposit to the date of withdrawal. The daily interest rate (to the nearest millionths place) for January 14 (90 days in the quarter) on this account is:
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