Question

Michael had $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

Answer:

$181

Step-by-step explanation:

Multiply 30.75 by 12 because there are 12 months in one year.

30.75 x 12 = 369

Then subtrcact 369 from 550 to get the net change.

550 - 369 = 181

Michael is left with an account balance of $181.