The initial amount is 4800 and 300 is taken out each month..u will first start by saying how many months are they in a year,12 months... u will take 12 multiplied by 300 in which u will obtain,3600 and the remaining balance will be 4800 -3600=1200. u will later on say in 12 months his remaining balance will be 1200,and how many months will be there if his balance will be 1500. 12 months =1200 what about 1500 =15months
