Madeline invested $2,800 in an account paying an interest rate of 4.4% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, the nearest tenth of a year , for the value of the account to reach $6,100?
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