asked 50.0k views
5 votes
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?

2 Answers

7 votes

Answer:

369 Has been taken out in total. He had 550 in his savings, so 550 - 369 is 181. He 181 USD left, and the net change is -$369 USD.

Explanation:

answered
User Narner
by
8.5k points
6 votes
$30.75 x 12 = 369
$550-$369 =$181
answered
User Aysha Nijhawan
by
8.7k points
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