Question

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

Answer 1

$ 181

Explanation:

He has total savings account= $550

If he took out every month = $ 30.75 ,

• Total account he has took out in a year = $ 30.75 × 12

= $ 369

micheal has total balance = $ 550 - $369

= $ 181