Question

Michael has $550 in his savings account he took out $30.75 every month for one year what is the net change in Michael's account balance following these withdrawals

Answer 1

First You do 30.75 x 12 This is because he said every month for a year and a year has 12 months The answer to 30.75 x 12 is 369 Now  all you have to do is 550 - 369 = 181.      

Hope this helps :D