How long (in years) will it take a $3500 investment in a compound interest account with a 20 percent rate of return to grow to a
1 answer:
You might be interested in
piece of cake, it's $0.37
all you have to do is divide $5.92 by 16 to figure out price per pound.
to check your answer multiply 0.37 by 16 and you'll get 5.92
note: if you were to divide 16 by $5.92 (inverse operation) you would be solving for pounds per each dollar, and the question asks to find what she paid for each pound not how many pounds she bought for each dollar she spent; since you're trying to figure out a certain price so you also divide by a price. I hope this makes sense