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?

what is the answer and would it be positive or negative?

Answer 1

Michael is left with $181 and it is positive.

Step-by-step explanation:

Balance in Michael's account = $550

Per month withdrawal = $30.75

One year = 12 months

Total amount of withdrawal = Per month withdrawal * months

Total amount of withdrawal =$30.75*12$

Total amount of withdrawal=$\ 369$

Net change = Balance in account - Amount of withdrawal

$Net\ change= 550-369\\Net\ change=\ 181$

Michael is left with $181 and it is positive.

Keywords: multiplication, subtraction

Learn more about subtraction at:

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