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?

Michael is left with $181 and it is positive. Step-by-step explanation:Balance in Michael's account = $550Per month withdrawal = $30.75One year = 12 monthsTotal amount of withdrawal = Per month withdrawal * monthsTotal amount of withdrawal =[tex]30.75*12[/tex]Total amount of withdrawal=[tex]\$369[/tex]Net change = Balance in account - Amount of withdrawal[tex]Net\ change= 550-369\\Net\ change=\$181[/tex]Michael is left with $181 and it is positive. Keywords: multiplication, subtractionLearn more about subtraction at:brainly.com/question/2115122brainly.com/question/2154850#LearnwithBrainly