You can calculate it by divided but most of the people get confused about is it gonna be 12/1.46 or 1.46/12. The correct is 1.46/12 because take the money divided all 12 to get a unit price if you take 12/1.46 which mean divided all ounce can to money and that makes nonsense.
So 1.46/12 = $0.12 for each ounce can
Hope this help!
This can be solve using the formula:
F = P ( 1 + i)^n
where F is the money after n years
P is the initial amount of money
i is the annual interest rate
n is the time in years
since you deposit in 3 accounts P = 2200/3
F = ( 2200 / 3) ( 1 + 0.03)^6
F = $ 875.64 is the money each account earned after 6 years
You can use the prefixes to figure this out:
Mono: one
Bi: two
Tri: three
So, because there is only one term, it is a monomial.
