The average monthly balance in Joy's bank account is $1,500. Joy spends the same amount of money each day during a 30-day month, and at the end of the month, her account balance is $0. At the constant rate of per day Joy spends her money? $70 $40 O $100 $50

The average monthly balance in Joy's bank account is $1,500. Joy spends the same amount of money each day during a 30-day month, and at the end of the month, her account balance is $0. At the constant rate of per day Joy spends her money? $70 $40 O $100 $50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The average monthly balance in Joy's bank account is
$1,500. Joy spends the same amount of money each day
during a 30-day month, and at the end of the month, her
account balance is $0. At the constant rate of
per day Joy spends her money?
$70
$40
O $100
O $50

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