Question

During a 14-day period, there is the following activity on your bank account. You deposit $100, withdraw $75, deposit $85, and withdraw $150. What is the rate of change in dollars per day) in your bank account? Round your answer to the nearest cent.

Answer 1

The balance changes by:
$100 - $75 + $85 - $150 in a month
-$40 / month

-$(40 * 12) / year

-$(40*12 / 365.25) /day

-$1.314 per day

-$1.31 per day to nearest cent.