Mathematics
27.06.2020 17:32
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You inherit $7,500. You want to stash it away in an account earning 7% interest

You inherit $7,500. You want to stash it away in an account earning 7% interest compounded quarterly to later use for a home down payment.
a. How much money will you have after 5 years?
b. How much interest will the account have earned?
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shawny5
shawny5
4,8(23 marks)

The unit price per ounce at Price-Club  =$0.29

The unit price per ounce at Shop Mart is $0.26.

Step-by-step explanation:

Given : Price-club sells a 12-ounce package of spaghetti noodles for $3.44.

By unitary method ,

The unit price per ounce at Price-Club  = (Price of 12-ounce package of spaghetti noodles ) ÷ 12

= $3.44÷ 12 = $ 0.286666666667≈ $0.29

Hence, the unit price per ounce at Price-Club  =$0.29

Shop Mart sells a 2-pound box of spaghetti noodles for $8.35.

Since 1 pound = 16 ounces

⇒ 2 pounds = 2 x 16 ounces = 32 ounces  (By unitary method)

i.e. Shop Mart sells a 32-ounces box of spaghetti noodles for $8.35.

The unit price per ounce at Shop Mart  = (Price of 32-ounce package of spaghetti noodles ) ÷ 32

= $8.35÷ 32=  $0.2609375≈ $0.26

Hence, the unit price per ounce at Shop Mart is $0.26.

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