The average monthly balance in Bobby's bank account is $3,000.Bobby spends the same amount of money each day during a 30-day month,and at the end of the month his account balance is $0.Bobby spends his money at a constant rate of ________ per day.

Question

Quizplus · Accepted Answer

Bobby's total spending for the month is $3,000, and since he spends the same amount each day over 30 days, he spends $3,000 / 30 = $100 per day.

The Average Monthly Balance in Bobby's Bank Account Is $3,000