Question

At the beginning of the month Freddie “Fast Lane” Frugal had a balance of $720 in his

checking account. During the next month he deposited $290, wrote a check for $120, made
another deposit of $175 and wrote two additional checks: one for $160 and the other for $132. He was assessed a monthly service fee of $5. “Fast Lane” needs new tires for his hot rod. They're $170 apiece. Does Freddie have enough money in his checking account to
purchase them? If he does, what's his new balance?​

Answer 1

No

Explanation:

Deposits increase your balance and writing checks decreases your balance. So your balance before the new tires is:

$720+$290-$120+$175-$160-$132-$5=$188

So he only has enough money for 1 tire but a car has 4 tires.