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?

Question

asked Aug 12, 2021 4.3k views

2 Answers

Pavithra Rox · Answer 1 · 2021-08-17T19:52:10+0000

Answer:

$181

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.