Answer:
the balance after the withdrawal is $5,974.16
Explanation:
The computation of the balance after the withdrawal is shown below:
= Deposited amount + interest received - withdrawn amount - penalty charges
= $7,000 + $224.16 - $1,000 - $250
= $5,974.16
Hence, the balance after the withdrawal is $5,974.16
We used the above formula so that the correct value could come