Answers:
If your math book is saying that 500mL = 16 oz, then the book is wrong. That's the same thing as saying that 1000 mL = 32 oz, or 1 liter = 1 quart. That cannot be true, because one liter is a little more than one quart.
Your book has an error in it, and since you found it, you should let your teacher know about it if it's a book you're using in a class.
I would have to ask you where you learned that 500 mL = 16oz. This statement is incorrect.
Your statement 480mL= 16 oz is correct.
500 ml does not equal 16 oz, 480 does!
Maybe it means 500mL≈15oz. Is it necessary for a precise calculation, or is it for a quick, approximate one?
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