Just find the unit price (price divided by amount)
6 lb for $50.00
50.00/6 = about $8.33 per lb
6.5 lb for $60.00
60.00/6.5 = about $9.23 per lb
<em>6 lb for $50.00 would be the better deal</em>
Answer:
Ben must wait more than 4.2 years
Step-by-step explanation:
step 1
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute the values
Solve for t
Divide by 1,200 both sides
Subtract 1 both sides
Divide by 0.06 both sides
therefore
Ben must wait more than 4.2 years
To start this, you would multiply 5/8 by 100 because you’re looking for a percentage.
5/8 x 100 = 62.5%