The new, cheaper model of the iPad 2 has been found to have better battery life than its predecessor thanks to its smaller A5 processor. Anandtech reports that the iPad 2,4—Apple’s internal reference for the new iPad 2 variant—offers significant battery life improvements over the prior iPad 2, with the increase ranging from 15.8 to 29 percent depending on the task. For example, the iPad 2,4 was able to playback a 720p video file…