Using the formula S = P(1 + r)t, where P is the original principal, r is the annual interest rate, and t is the number of years, what is the investment savings, S, if P = $14,500.00, r = 7.5%, and t = 5 years?
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